What is the ratchet effect? Is there evidence that the COVID-19 crisis generated a ratchet effect with
Question:
What is the ratchet effect? Is there evidence that the COVID-19 crisis generated a ratchet effect with regard to the expenditures and borrowing levels of the federal government? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
The ratchet effect is an economic concept that refers to a situation in which government expenditures or regulations tend to increase over time and are difficult to reduce once they have expanded It s...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Question Posted:
Students also viewed these Business questions
-
[Action in equity by John F. and Horace E. Dodge, plaintiffs, against the Ford Motor Company and its directors to compel the declaration of dividends and for an injunction restraining a contemplated...
-
The grievance in this case challenges the application of the Employers policy to deal with the Covid-19 pandemic and its impact on Kyle Gendron. The facts giving rise the grievance are as follows:...
-
The CBO and Blinder-Zandi analyses bear out Romer's belief that ARRA moderated the Great Recession. Jason Furman, who served as CEA chair in the second Obama term, argues based on recent fiscal...
-
Generics, Inc. is a U. S. GAAP reporter that manufactures and sells generic drugs and has a December 31 year-end. On March 1, 2014, it began selling a drug, Anocyn, which is a generic of Dicital....
-
1. What functional strategies at Starbucks help the company to achieve superior financial performance? 2. Identify the resources, capabilities, and distinctive competencies of Starbucks? 3. How do...
-
The trial balance of Mr. Rosiak Fashion Center, Ltd. contained the following accounts at November 30, the end of the company's fiscal year. Adjustment data: 1. Supplies on hand totaled £2,100....
-
The in-plane shear modulus, \(G_{12}\), of a carbon/epoxy lamina is to be measured by using the rail shear test shown in Figure 10.36. The test is conducted on a 10 in. \(\times 10 \mathrm{in} ....
-
The revenue and cash receipts journals for Amazon Productions Inc. are shown below. The accounts receivable control account has a May 1, 2012, balance of $3,910, consisting of an amount due from...
-
Campbell Corporation expects to incur indirect overhead costs of $167,475 per month and direct manufacturing costs of $15 per unit. The expected production activity for the first four months of the...
-
Why did housing prices rise rapidly during 20022005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 20082009 recession began?
-
Did the United States adopt additional trade restrictions during and after the COVID-19 crisis? If so, cite evidence.
-
A small object is 25.0cm from a diverging lens as shown in Fig. 23-59. A converging lens with a focal length of 12.0cm is 30.0cm to the right of the diverging lens. The two-lens system forms a real...
-
What is the benefits of FWD SPECIAL CAREDIRECT TAKAFUL to the management committee and explain of any rider benefit that may be added to the basic general insurance benefits.
-
If annual demand is 1 3 2 4 8 units, the ordering cost is $ 1 5 per order and the holding cost is $ 4 per unit per year, what is the optimal order quantity using the fixed - order quantity model?
-
1A. What does the discount/premium associated with the issuance of bonds represent? 1B. What is the purpose of the effective amortization of the discount/premium over the life of the bond?
-
1.) What is meant by "diminishing marginal utility"? 2.) What are some things that you have/get where you experience diminishing marginal utility? Relatedly, what is happening to your total utility?
-
Two ants are standing on an old-fashioned "45" record player, which starts from rest and then takes 10 seconds to speed up before it revolves constantly at 45 times per minute. The record has a...
-
a. Accounting professionals must sometimes choose between two or more acceptable methods of accounting for business transactions and events. Explain why these situations can involve difficult matters...
-
A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...
-
You are the manager of Fun World, a small amusement park. The accompanying diagram shows the demand curve of a typical customer at Fun World. a. Suppose that the price of each ride is $5. At that...
-
You are the manager of Fun World, a small amusement park. The accompanying diagram shows the demand curve of a typical customer at Fun World. a. Suppose that the price of each ride is $5. At that...
-
Suppose it is decided that rent control in New York City will be abolished and that market rents will now prevail. Assume that all rental units are identical and so are offered at the same rent. To...
-
The art of negotiation is especially important when working in an international business setting. Negotiating a successful contract is a highly valuable skill that is to be attained by working on...
-
1. At the break-even point, Jefferson Company sells 95,000 units and has fixed cost of $351,500. The variable cost per unit is $0.30. What price does Jefferson charge per unit? Note: Round to the...
-
Your company wants you to research the potential for implementing a relational database. How would you explain a relational database to them? What are the pros and cons of relational databases? What...
Study smarter with the SolutionInn App