subject
Business, 12.03.2021 16:30 sross8799

Assume that policymakers believed that the marginal propensity to consume (MPC) was 0.9. Following the announcement in December 2008 that the U. S. economy had been in a recession since December 2007, Congress and President Obama passed the American Recovery and Reinvestment Act (ARRA) into law in February 2009. The ARRA cut taxes by $288 billion, increased government spending by $275 billion, and increased transfer payments by $224 billion. Although not fully implemented, the majority of the government spending would take place in 2010 and 2011. 1. Was the ARRA an example of discretionary fiscal policy or nondiscretionary fiscal policy

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 14:00, lindjyzeph
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
image
Business, 22.06.2019 14:30, rakanmadi87
If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided
Answers: 1
image
Business, 22.06.2019 16:00, ari313
What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.
Answers: 1
image
Business, 22.06.2019 17:30, chrisd2432
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
Answers: 2
You know the right answer?
Assume that policymakers believed that the marginal propensity to consume (MPC) was 0.9. Following t...

Questions in other subjects:

Konu
Mathematics, 19.05.2020 22:06