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According to economic studies, the 2001 tax rebates under the presidency of G. W.

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1. According to economic studies, the 2001 tax rebates under the presidency of G. W. Bush did not increase aggregate demand because;Answer;the tax rebates were not large enough to have a significant impact on aggregate demand.;consumers saved, instead of spending, the rebates.;the Republican-controlled Congress rolled back the tax rebates the following year.;the cost of the war in Iraq required an immediate increase in taxes.;2. Assume that C = 150 + 0.9Y and I = 50. The multiplier is;Answer;8.;6.;4.;none of these;3. Assume that the consumption function is C = 200 billion + 0.8Y. When Y equals $200 billion, then saving equals ________ billion.;Answer;$140;$0;$-100;$-160

 

Paper#30618 | Written in 18-Jul-2015

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