Question: Explain costs of inflation in terms of inflation-induced tax distortions and arbitrary redistributions of wealth Explain possible reasons of why deflation may be worse The

Explain costs of inflation in terms of inflation-induced tax distortions and arbitrary redistributions of wealth

Explain possible reasons of why deflation may be worse

The spending multiplier and fiscal policies

Explain the multiplier effect and the macro variables that can have the multiplier effect.

In practice, the spending multiplier is smaller than Keynesian analysis. Why is it?

Explain what is meant by an automatic stabilizer. Explain it with two fiscal policies.

Emusk Ltd (hereafter "Emusk") is an Information Technology (IT) and Internet Service Provider (ISP) company based in Pretoria and is listed on the JSE and is a registered VAT vendor. It was incorporated on 1 January 2013 and has a financial year end of 31 October: The accountant of Emusk (Mrs. Elon) requires assistance with financial reporting issues. Below is an extract of balances of Emusk as at 31 October 2021 that was provided to you by Mrs Elon:

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Answer Cost of Inflation An economy which is experiencing inflation has to bear many costs and policymakers economists and especially politicians are concerned to make arrangements and take steps to c... View full answer

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