Jay Powell is: a financial adviser on CNBC. a Supreme Court justice who ruled that budget deficits are unconstitutional. chair of the Board of Governors of the Federal Reserve System. an AIG executive who received large bonuses.
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- When President Obama was elected, the U.S. economy had slid into a recession. Consumer spending was low and getting worse. In an effort to stop the decline, President Obama proposed an economic stimulus package that included government spending on roads, bridges, and schools, among other things, and a tax cut that each U.S. worker would see in her or his paycheck. Apparently, President Obama was a proponent ofThe process of determining a host of the FIFA World Cup is highly competitive, with many countries vying for this prestigious honor. One consideration for picking a host is the national debt of potential host countries. Consider why a nation's debt level might be a factor in determining which country will host the FIFA World Cup. Countries with high levels of debt - often have high crime rates, which may discourage fans from attending the World Cup. - often follow a functional finance approach, which discourages all types of government spending. - may be unable to make the significant investment in infrastructure required to host a World Cup. - are generally experiencing economic recessions, making them an undesirable place to visit for foreign tourists.During the Trump Presidency the administration sought to reduce the research budget of many federal agencies including the National Institutes of Health. Bloomberg reported: President Donald Trump is proposing big cuts to biomedical research as part of a budget to reduce discretionary spending at the Department of Health and Human Services by 23 percent -- a move likely to provoke outcry from lawmakers, research groups, drugmakers and patients. The proposal would cut the budget of the National Institutes of Health -- which conduct and fund medical research by $5.8 billion, or about 18 percent from 2017 levels. The Office of Management and Budget called the change "a major reorganization of NIH's institutes and centers to help focus resources on the highest priority research and training activities." "We believe that this cut is dead on arrival on Capitol Hill," said Spencer Perlman, an analyst at Veda Partners. Democrats and Republicans have in the past supported the research agency…
- When interest rates decrease: Group of answer choices people who are borrowing money will benefit from this change. everyone benefits from this change. people who are saving money will benefit from this change. no one benefits from this change.In January 2012, the Obama administration rejected the first proposal to build this pipeline, claiming that more time was needed to fully assess the various impacts this pipeline might have on the United States before a final decision could be made. A few months later, the TransCanada Corporation submitted a new proposal, detailing a revised plan for building the Keystone XL pipeline. In November 2015, the Obama administration formally rejected TransCanada's application for the Keystone XL pipeline. In announcing his decision, President Obama said that "shipping dirtier crude oil into our country would not increase America's energy security" and that approving this project would have undercut America's role as a global leader on combatting climate change. In January 2017, the Trump administration signed an executive order approving the project, but TransCanada may never complete the project because it may no longer be commercially viable due to lower energy costs and less demand for…When John F. Kennedy became President of the United States in 1961, he brought to Washington some of the brightest young economists to the day to work on the council of Economic Advisers. One of the Council’s first proposals was to expand national income by reducing taxes. This eventually led to a substantial cut in personal income taxes in 1964. When a reporter asked Kennedy why he advocated a tax cut, Kennedy replied,“To stimulate the economy. Don’t you remember your economics 101?” Elaborate Kennedy’s reply as much as you can (To support your argument, you can use graph or equations...).
- The U.S. population has a bubble of individuals known as the baby boomers. As this group retires, what happens to savings? Nobody can predict what old people do; they don't seem to be rational. Savings increases because baby boomers retire and therefore spend less. Savings declines as baby boomers dissave. Savings decreases as they retire, but this is completely offset by increases with the next generation of workers.The Federal Debt Reduction Commission recommended that both mortgage-related subsidies and tax breaks from the federal agencies that help middle- and lower-income families buy homes be scaled back or eliminated. The Obama administration has proposed taking the latter step, eliminating Fannie Mae and Freddie Mac but doing nothing about the incentives and tax breaks that benefit wealthier taxpayers. Is their proposal ethical? Why or why not?The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $2 million. If it would cost $4 million to finish development and make the product, you go ahead and do so. The most you should pay to complete development is million.
- Which of the following is a major function of a whip? He/she decides who can speak on the floor. He/she determines who serves on which committees. He/she schedules work and convinces Senate members to cooperate. He/she seeks to keep the majority party in power by articulating an agenda. He/she is charged with getting the members to cast votes in the way the party leaders would like.Economics(including finance)is a social science that studies how to allocate scarce resources. Neoclassical economics is a school of economics that was first formed in the late 19th century and dominated the economic thought for most part of the 20th century. All the economic and financial theories you have learned so far belong to the neoclassical economics. These theories are based on some fundamental assumptions of human behavior. Can you list at least four of these assumptions and briefly explain them?According to the signaling hypothesis, signaling about job openings occur in help wanted classified ads. a college diploma signals to employers that a person has certain desirable characteristics. a slowdown in output signals to companies the need to hire more labor. a high unemployment rate is a signal to the government to take some policy action.