Automatic stabilizers - Study guides, Class notes & Summaries

For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. c. The time it takes to design and build new ...

Williams AP Macroeconomics Exam Latest 2023 Positive Economics - the analysis of facts or data to establish scientific generalizations about economic behavior Normative Economics - Beliefs, or value judgements about what ought to be. Normative statements cannot be true or false; they can only be assessed relative to beliefs and value judgements. Microeconomics - the study of how households and firms make decisions and how they interact in markets Macroeconomics - the study of economy-w...

liquidity preference - Keynes's theory that the interest rate adjusts to bring money supply and money demand into balance monetary policy - either in terms of the money supply or in terms of the interest rate fiscal policy - the setting of the level of government spending and taxation by government policymakers multiplier effect - the additional shifts in aggregate demand that result when expansionary fiscal policy increases income and thereby increases consumer spending crowding-ou...

WGU C211 Global Economics Final Exam ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, who may increasing...

Absolute Advantage The economic advantage one nation enjoys that is absolutely superior to other nations. Accounting Profit Total revenue minus total explicit cost Acquisition a wholly owned subsidiary is created through direct foreign investment. Administrative Policy Bureaucratic rules that make it harder to import foreign goods. Agglomeration Clustering of economic activities in certain locations. Beyond geographic advantages, location-specific advantages also arise f...

N222 Mental health study guide (Answered 2022/2023) what are the only 3 reasons to put someone on hold? DTS, DTO, GD medications to treat EPS? diphenhydramine benztropine Neuroleptic Malignant Syndrome Life-threatening muscle rigidity, fever, and rhabdomyolysis. how often should restraints be renewed for adults? every 4 hours how often should restraints be renewed for children/ adolescents? every 2 hours autocratic leadership A form of leadership in which the leader makes decision...

Psychiatric Mental Health Nursing 8th edition by Shelia Videbeck Test Bank , All Chapter Covered 1-24 | Complete Guide A+: UNIT 1 Current Theories and Practice • 1. Foundations of Psychiatric–Mental Health Nursing • 2. Neurobiologic Theories and Psychopharmacology • 3. Psychosocial Theories and Therapy • 4. Treatment Settings and Therapeutic Programs UNIT 2 Building the Nurse–Client Relationship • 5. Therapeutic Relationships • 6. Therapeutic Communication • 7. Client’s Respo...

N222 Mental health study guide (Answered 2022/2023) what are the only 3 reasons to put someone on hold? DTS, DTO, GD medications to treat EPS? diphenhydramine benztropine Neuroleptic Malignant Syndrome Life-threatening muscle rigidity, fever, and rhabdomyolysis. how often should restraints be renewed for adults? every 4 hours how often should restraints be renewed for children/ adolescents? every 2 hours autocratic leadership A form of leadership in which the leader makes decision...

12b-1 fee an annual fee charged by a mutual fund for its marketing and distribution costs. Also called a maintenance fee or distribution fee. 529 College Savings Plan A tax-free savings plan that offers families professionally managed portfolios to help meet specified college expenses. A shares a class of mutual fund shares that have a front-end sales charge, expressed as a percentage of its net asset value. ABLE account a tax-advantaged savings account for disabled peop...

ALL IB Economics SL Terms Absolute poverty - ANS-The inability of an individual or a family to afford a basic standard of goods and services, where the standard is absolute and unchanging over time. Absolute poverty is defined in relation to a nationally or internationally determined 'poverty line', which determines the minimum income that can sustain a family in terms of its basic needs. Actual output - ANS-The quantity of output actually produced by an economy. Ad Valorem Taxes - ...