An income tax hike A. increases potential GDP.

B. increases employment.

C. decreases potential GDP.

D. Both answers A and B are correct.

E. Both answers B and C are correct.

Answers

Answer 1

Answer:

Answer:

The correct answer is option C.

Explanation:

An increase in income tax will cause the disposable income of the consumers to decline. It will thus reduce consumer spending.

A reduction in the demand for goods and services will cause production to decrease. Firms will need fewer workers to produce output so employment will also decline.

This will further cause the aggregate demand and potential GDP to decline.

Related Questions

Indicate how each of the following developments would affect the supply of money, the demand for money, and the interest rate. development effect on... supply of money demand for money interest rate the fed’s bond traders buy bonds in open-market operations. an increase in credit-card availability reduces the cash people hold. the federal reserve reduces banks’ reserve requirements. households decide to hold more money to use for holiday shopping. a wave of optimism boosts business investment and expands aggregate demand.
I’m two to four sentences, explain economics of scale.
A typical lease may require a tenant to
An academic medical center is selecting a new database system for clinical research. The system needs to be "Part 11 compliant" in order to allow
The period of time when business slows, workers are laid off, and GDP declines is what part of the business cycle?

The first federal retirement benefits were give to veterans ofA. World War I.
B. the Spanish American War.
C. the Mexican War.
D. the Civil War.

Answers

It's A. World War I
The United States has the most comprehensive system of assistance for Veterans of any nation in the world, with roots that can be traced back to 1636, when the Pilgrims of Plymouth Colony were at war with the Pequot Indians. The Pilgrims passed a law that stated that disabled soldiers would be supported by the colony.

Later, the Continental Congress of 1776 encouraged enlistments during the Revolutionary War, providing pensions to disabled soldiers. In the early days of the Republic, individual states and communities provided direct medical and hospital care to Veterans. In 1811, the federal government authorized the first domiciliary and medical facility for Veterans. Also in the 19th century, the nation's Veterans assistance program was expanded to include benefits and pensions not only for Veterans, but for their widows and dependents.

Following the Civil War, many state Veterans homes were established. Since domiciliary care was available at all state Veterans homes, incidental medical and hospital treatment was provided for all injuries and diseases, whether or not of service origin. Indigent and disabled Veterans of the Civil War, Indian Wars, Spanish-American War, and Mexican Border period, as well as the discharged regular members of the Armed Forces, received care at these homes.

As the U.S. entered World War I in 1917, Congress established a new system of Veterans benefits, including programs for disability compensation, insurance for service personnel and Veterans, and vocational rehabilitation for the disabled. By the 1920s, three different federal agencies administered the various benefits: the Veterans Bureau, the Bureau of Pensions of the Interior Department, and the National Home for Disabled Volunteer Soldiers.

The first consolidation of federal Veterans programs took place August 9, 1921, when Congress combined all World War I Veterans programs to create the Veterans Bureau. Public Health Service Veterans’ hospitals were transferred to the bureau, and an ambitious hospital construction program for World War I Veterans commenced.

World War I was the first fully mechanized war, and as a result, soldiers who were exposed to mustard gas, other chemicals and fumes required specialized care after the war. Tuberculosis and neuro-psychiatric hospitals opened to accommodate Veterans with respiratory or mental health problems. A majority of existing VA hospitals and medical centers began as National Home, Public Health Service, or Veterans Bureau hospitals. In 1924, Veterans benefits were liberalized to cover disabilities that were not service-related. In 1928, admission to the National Homes was extended to women, National Guard and militia Veterans.

The second consolidation of federal Veterans programs took place July 21, 1930, when President Herbert Hoover signed Executive Order 5398 and elevated the Veterans Bureau to a federal administration—creating the Veterans Administration—to "consolidate and coordinate Government activities affecting war veterans." At that time, the National Homes and Pension Bureau also joined the VA.

The three component agencies became bureaus within the Veterans Administration. Brig. Gen. Frank T. Hines, who had directed the Veterans Bureau for seven years, was named the first Administrator of Veterans Affairs, a job he held until 1945.

Dr. Charles Griffith, VA’s second Medical Director, came from the Public Health Service and Veterans Bureau. Both he and Hines were the longest serving executives in VA’s history.

Following World War II, there was a vast increase in the Veteran population, and Congress enacted large numbers of new benefits for war Veterans—the most significant of which was the World War II GI Bill, signed into law June 22, 1944. It is said the GI Bill had more impact on the American way of life than any law since the Homestead Act of 1862.

The GI Bill placed VA second to the War and Navy Departments in funding and personnel priorities. Modernizing the VA for a new generation of Veterans was crucial, and replacement of the “Old Guard” World War I leadership became a necessity.

Danika, a board member for a medium-sized corporation, faces an ethical dilemma. She is unsure whether the board should fire senior employees who have violated rules or merely discipline those employees but keep them on staff to avoid potentially harmful publicity. Danika asks herself, "Would my family members and friends approve of this decision, and am I willing to see the decision communicated to all people and groups affected?" Asking this question is part of the ________ rule. Multiple Choice justice moral rights utilitarian practical

Answers

Answer:

Practical

Explanation:

If Danika is asking herself, "Would my family members and friends approve of this decision, and am I willing to see the decision communicated to all people and groups affected?" Asking this question is part of the practical rule.

Practical rule of ethics states that an ethical decision is that an unbiased person will find acceptable because it has to be such that there is absence of hesitation because its fairness will not be in doubt by hearers if and when communicated.

Danika's concern in the scenario is negative publicity and if family members will approve of her actions if communicated, hence she is trying to be practical, ethically speaking.

Analyze how taxes or emissions standards could reduce the economic inefficiency that arises in a competitive market with a negative externality.

Answers

Let's analyze in the case of manufacturer's emission that cause polution

Usually, these pollution-producing companies are regulated to pay several amount of money in order to rehabilitate the environment that caused by their harmful material.

This is really inefficient , if they have to repair it, why allow them to destroy the environment in the first place ?

That's how emission standards could reduce the inefficiency

A _____ plan gives all employees a minimum level of benefits and a set amount to spend on flexible benefits, such as additional healthcare or vacation time.

Answers

Answer:

Cafeteria Plan

Explanation:

The cafeteria plan is minimum benefits that the employer have to provide or personally provide to all the employees working in its organization. In some jurisdictions like USA and Europe, the employer has to provide minimum level of facilities and benefits to the employee which inculdes healthcare, pension contributions, etc.

WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C

Answers

Answer:

Explanation:

Answers:

1.B

2.C

3.A

.....

If the total assets of a business are $107,000 and its liabilities are $75,000, which of the following statements is correct?a. liabilities are $32,000
b. liabilities are $42,000
c. liabilities are $57,000
d. liabilities are $98,000

Answers

Answer:

a. liabilities are $32,000

Explanation:

Note: In question part $75,000 shall represent equity, as there are only 3 parts of balance sheet assets, equity and liabilities, if assets are given liabilities is what we need to calculate the missing is equity.

Thus, $75,000 is treated as equity.

In that case we have,

Assets = Equity + Liabilities

$107,000 = $75,000 + Liabilities

Assets - Equity = Liabilities

$107,000 - $75,000 = Liabilities

$32,000 = Liabilities

Therefore, correct option is

a. liabilities are $32,000

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All of the following components are commonly found in rental housing agreements EXCEPT:A. Whether the renter can have pets in the house B. How much the renter will payC. What type of renter’s insurance the renter must buy D. Which repair types the renter will be responsible for

Do business partners earn equal profit?