subject
History, 07.11.2019 21:31 ijohnh14

The u. s. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. to boost the economy, congress passed several relief packages (the economic stimulus act of 2008 and the american recovery and reinvestment act of 2009) that combined would deliver about $700 billion in government spending. assume, for the sake of argument, that this spending was in the form of payments made directly to consumers. the objective was to boost the economy by increasing the disposable income of american consumers. a. calculate the initial change in aggregate consumer spending as a consequence of this policy measure if the marginal propensity to consume (mpc) in the united states is 0.5. then calculate the resulting change in real gdp arising from the $700 billion in payments.

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 22:30
Why did anne frank feel that the germans were the enemy?
Answers: 1
question
History, 21.06.2019 23:00
You have been asked why scholars use the word "conservative" to describe ancient egyptian pictorial arts. how do you answer the question? describe the egyptian canon of proportion and how it was applied. make sure to discuss the significance of the amarna period and explain its formal and iconographic characteristics.why does a change in religion bring about a change in art in ancient egypt?
Answers: 2
question
History, 22.06.2019 01:30
The area directly outside a city is called 1 rural 2 urban 3 suburban
Answers: 2
question
History, 22.06.2019 03:30
So-called discourage workers are not counted in the unemployment rate counted in the unemployment rate included in the calculation of the labor force considered unemployed
Answers: 1
You know the right answer?
The u. s. economy slowed significantly in early 2008, and policy makers were extremely concerned abo...
Questions
question
Mathematics, 05.05.2020 13:02
question
Mathematics, 05.05.2020 13:02
Questions on the website: 13722362