Q: Does Canada have a stable short-run Phillips curve? Explain
Does Canada have a stable short-run Phillips curve? Explain why or why not.
See AnswerQ: At the end of 2011, China’s government debt was ¥4
At the end of 2011, China’s government debt was ¥4,700 billion (¥ is yuan, the currency of China). In 2012, the government spent ¥6,000 billion and ended the year with a debt of ¥5,300 billion. How mu...
See AnswerQ: The government is considering raising the tax rate on labour income and
The government is considering raising the tax rate on labour income and asks you to report on the supply-side effects of such an action. Use appropriate graphs and report directions of change, not exa...
See AnswerQ: Suppose that instead of taxing nominal capital income, the government taxed
Suppose that instead of taxing nominal capital income, the government taxed real capital income. Use graphs to explain and illustrate the effect that this change would have on: a. The tax rate on capi...
See AnswerQ: The economy is in a recession, and the recessionary gap is
The economy is in a recession, and the recessionary gap is large. a. Describe the discretionary and automatic fiscal policy actions that might occur. b. Describe a discretionary fiscal stimulus packag...
See AnswerQ: The economy is in a recession, the recessionary gap is large
The economy is in a recession, the recessionary gap is large, and there is a budget deficit. a. Do we know whether the budget deficit is structural or cyclical? Explain your answer and use a graph to...
See AnswerQ: Jim Flaherty tabled a 2011 budget with a deficit for this year
Jim Flaherty tabled a 2011 budget with a deficit for this year gradually falling to a surplus in 2015. Mr. Flaherty said the budget aims to find that balance between helping Canadian families and busi...
See AnswerQ: The NDP called for immediate action to create jobs by investing in
The NDP called for immediate action to create jobs by investing in infrastructure and green energy programs to give the economy a kickstart. It needs more than corporate tax cuts, the NDP said. Is the...
See AnswerQ: The NDP called for immediate action to create jobs by investing in
The NDP called for immediate action to create jobs by investing in infrastructure and green energy programs to give the economy a kickstart. It needs more than corporate tax cuts, the NDP said. Explai...
See AnswerQ: The NDP called for immediate action to create jobs by investing in
The NDP called for immediate action to create jobs by investing in infrastructure and green energy programs to give the economy a kickstart. It needs more than corporate tax cuts, the NDP said. What w...
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