Despite the increased access to education, a significant number of people cannot read or write. What are the disadvantages and what action should the government take? Give reasons for your answer and include any
Rising water bills and energy prices are among the factors that will drive up inflation, but "we should not expect them to persist". Services inflation, meanwhile, should gradually ease, explains Bailey, adding persistence in wage growth is now the "main driver" of services inflatio...
Why might economists be quite concerned if the annual interest payments on the U.S. public debt sharply increased as a percentage of GDP? Why should aggregate demand and GDP increase together as a matter of accounting? Why do economists and managers pay attention to the measurements of macroecon...
Rising water bills and energy prices are among the factors that will drive up inflation, but "we should not expect them to persist". Services inflation, meanwhile, should gradually ease, explains Bailey, adding persistence in wage growth is now the "main driver"...
Suppose that real GDP is $500 and potential GDP is $1,000, while the marginal propensity to consume is 0.9. If the government is going to engage in government spending and does not impose taxes, how much should it change spending? a. Increase. b. Decreas ...
What should be done now is to stabilize the confidence of private enterprises and foreign investors, Yu said. China should send a message to private entrepreneurs and foreign investors on the rule of law, improving the investment environment, protecting property rights and fostering a spirit of inn...
Fiscal spending, Tax policies, and Trade regulations. Besides these, you should also track the following: A) Volatility Index (VIX) and Market Swings The VIX is often called the “fear gauge.” It measures expected market volatility. Check out the graphic below to learn what happens when the...
In some nations, students do not pay any tuition to attend universities. However, in other nations, students must pay to attend universities, and the cost of university tuition can be high. Do you believe that all nations should use taxes (money collected from citizens by the government) to...
My view is that the cost of inflation is much smaller than the costs associated with flat wages and employment being lower than it could be. For that reason, and because it's far from certain that wage growth will translate into inflation, the Fed should not enact further interest rate inc...
influence the economy. These primarily include changes to levels of taxation and government spending. To stimulate growth, taxes are lowered and spending is increased. This often involves borrowing by issuing government debt. To cool down an overheating economy, taxes may be raised and spending ...