54. Hamsterville has a progressive income tax and a social insurance program that providesunemployed workers with a basic income while they are searching for jobs.What impact will this progressive tax system have on real GDP?A.Decrease real GDP during the expansion phase; increase real GDP during the recession phaseB.Increase real GDP during every phase of the business cycleC.We cannot tell the impact taxes will have on real GDPD.Decrease real GDP during all phases of the business cycleE.Increase real GDP during the expansion phase; decrease real GDP during the recession phase Show
55. How do automatic stabilizers affect an economy during inflationary periods? Get answer to your question and much more 56. The government of Hamsterville recently lowered taxes.What kind of policy is this, and what is one reason the government might want to implementsuch a policy? Get answer to your question and much more EconomicsAP®︎/College MacroeconomicsEconomic indicators and the business cycleUnemployment Lesson summary: UnemploymentIn this lesson summary review and remind yourself of the key terms and calculations used in measuring unemployment, the labor force, the unemployment rate, the labor force participation rate, and the natural rate of unemployment. Topics include cyclical, seasonal, frictional, and structural unemployment. If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. Recommended textbook solutions Principles of Economics8th EditionN. Gregory Mankiw 1,335 solutions Statistical Techniques in Business and Economics15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal 1,236 solutions
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Statistics for Business and Economics13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams 1,691 solutions Which of the following is a reason a government might increase government spending quizlet?Which of the following is a reason a government might increase government spending? It is concerned that the unemployment rate is too high.
Which of the following best describes what is included in the natural rate of unemployment NRU )?In other words, the natural rate of unemployment includes only frictional and structural unemployment, and not cyclical unemployment. The natural rate of unemployment is related to two other important concepts: full employment and potential real GDP.
Which of the following correctly describes the sequence of phases in a typical business cycle?Answer and Explanation: The correct answer is C. peak; recession; trough; recovery. The economic cycle fluctuates between periods of expansion (growth) and contraction (economic decline).
Which of the following best describes an economy at full employment?Full employment occurs only when the economy has a zero percent unemployment rate.
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Which of the following best describes the problem that burginville experienced in this scenario?
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