Suppose the job multiplier is 0.7. The government hires 2,000 workers. a) How much does total employment rise or fall? Total employment will (Click to select) by jobs. b) How much does private sector employment rise or fall? Private sector employment will (Click to select) by jobs. c) The overall effect is less than the change in the government effect that caused it. is greater than the government effect that caused it. is equal to the government effect that caused it. cannot be compared to the government effect that caused it. Next> 17 of 19 Prev 10:39 PM 10/5/2019

The Laffer curve suggests A.there is some maximum amount of tax revenue that the government can collect from taxing income. B.the optimal tax rate leads to the highest amount of tax revenue. C.the optimal tax rate on labor income is 0% D.an increase in tax rates leads to an increase in labor supply.

supply equation is Y - Ypot + 80 (P-Pe), where Ypot is the potential level of output. In 2016, the population was 400 million, and the structure of the economy was described by the following equations for household consumption behavior and taxes received: C = 100+ 0.8DI, and T = 0. where all monetary values are in billions of dollars. Government spending was fixed at $1700 billion, and firm's investment behavior was fixed at $800 billion. Trading is allowed in this economy and in 2016, trading occurred such that the trade account was balanced. That is, net exports (X-IM) was equal to zero. (Question 15 of 20) Now consider that in in the following year (2017), the government decided to implement a policy aimed at moving the economy to full employment. In its decision to move the economy to full employment, they used government spending as the policy tool. The structure and fixed spending behaviors remain the same as they were in 2016, except for government spending. In addition, changes…

A government is evaluating the effectiveness of a new tax policy. Economists collect data on tax rates, government revenue, and economic growth before and after the policy implementation. They use econometric methods to assess the policy's impact on economic indicators. This application of econometrics primarily serves to:A) Estimate policy impactB) Create new tax lawsC) Design government websitesD) Recruit government staff Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate