1. Describe the multiplier process. The multiplier process begins with an event that changes any component of aggregate demand, C, I, G or (X-M). Because Aggregate Demand equals C+I+G+(X-M), any change in a variable on the right hand side of the equa
1. Describe the two phases of the business cycle and its two turning points. Explain what you would expect to see happen, and why, in the durable goods sector and the non-durable/services sector, of the economy as we move into a period of declining e
H. Wayne Huizenga School of Business and Entrepreneurship
Nova Southeastern University
Undergraduate Business Programs
SYLLABUS ONLINE COURSE
ECN2025 - Principles of Macroeconomics
This online class has a Course Website
DISCUSSION QUESTION #4 INCOME TAX
Why might one person work mire, earn more, and pay more income tax when his or her tax rate is cut
while another will work less, earn less, and pay less income tax under the same circumstance?
Proponents of supply-side ec
DISCUSSION QUESTION #1
What are the political and economic limitations upon (a) fiscal policy and (b) monetary policy?
Changes in fiscal and monetary policy are at the discretion of the government.
A change in fiscal or monetary policy could cause spendin