Which Of The Following Is A Result Of Forming Strategic Alliances Answers – Flashcards
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market economy works wells, aggregate fluctuations ( govt cannot improve the efficiency of the market economy).
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Classical Macroeconomics
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fluctuations in the quantity of money generate the business cycle.
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Monetarist Macroeconomics
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determine the change in equilibrium expenditure and real GDP that it generates. (autonomus, investment, govet expend).
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Multiplier ( depends on imports and income taxes both which make the multiper smaller)
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determine the change in equilibrium expenditure and real GDP that it generates. (autonomus, investment, govet expend).
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Multiplier ( depends on imports and income taxes both which make the multiper smaller)
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that supply creates its own demand. you see Says law at work (full employment economy and the real wage rate adjusts).
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Says Law
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effective demand- determines real GDP( if business spent less on new capital people save that amount).
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Keynes Law ( creating the International Monetary Fund)
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fraction of a change in real GDP that is paid in income taxes- the change in tax payments divided by the change in real GDP.
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Marginal tax rate
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ignoring imports and income taxes, the magnitude of the multipler depends only on the MPC.
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MPC ( Marginal Proprensity to Consume)
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when an expansion os triggered an increase in autonomous expenditure.
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Business-Cycle Turning Points
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when autonomus expend changes equib expend changes by a larger amount (multiplier greater than 1 induced expenditure).
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Expenditure Multiplier
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relationship between consumpttion and expenditure and disposable income, other things reamaining the same.
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Consumption Function
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is aggregate income-GDP-minus the net taxes. (net taxes are paid to the GOV).
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Disposable income
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AD curve is the relationship between the quantity of the real GDP demanded and the price level. all other influences on expend plans remain the same.
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Derive the AD curve from equilibrium expenditure
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the quantity of rea GDP demanded on the AD curve is the equilibrium when aggregate planned.
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AD Curve
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you pay a large percentage rate % in taxes, (income taxes).
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Progressive
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taxes those that make less the those who make more. (make the poor pay more tax).
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Regressive
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flat tax rate.
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Proportional
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annual statement of tax revenues, outlays and surplus or deficit of the Govt.
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Federal Budget
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federal budget to achieve the macroeconomic objectives and sustained economic growth and full employment.
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Fiscal Policy
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01 Oct - Sept 30.
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Fiscal Year
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design to boost real GDP and create or save jobs.
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Fiscal Stimulus
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a number of different fiscal policy actions might be used in attempt to stimulate aggregate demand.
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Fiscal Policy and Aggregate Demand
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a fiscal policy actions that is triggered by the state of the economy.
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Automatic Fiscal policy
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act of Congress.
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Discretionary Fiscal Policy
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taxes that vary with real GDP.
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Induced Taxes
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effect change in taxes on the aggregate demand.
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Tax Multiplier
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the gap created by tax between what a buyer pays and what a seller receives.
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Tax Wage
