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Why are airlines reluctant to offer round trip airfares during holidays such as Christmas Eastern and thanksgiving?
Budget cuts as it is the recession
Is an example of the time lag disadvantages of fiscal policies?
state and local governments deciding to make spending cuts during a recession
What is an example of the time lag disadvantage of fiscal policies?
state and local governments deciding to make spending cuts during a recession
How did President Kennedy propose to end the continuing recession?
by cutting taxes
How much debt has Obama created?
The debt has grown about 25% during President Obama's administration, due mainly to the recession, the Bush tax cuts and two wars which Obama inherited.
How is Obama leading us through the great recession?
During the Great Recession, Obama implemented several measures to stabilize the economy and stimulate growth. He signed the American Recovery and Reinvestment Act, which aimed to create jobs, invest in infrastructure, and provide tax cuts for working families. He also oversaw the bailout of the auto industry and implemented financial reforms to prevent future economic crises. Overall, his leadership and policies played a crucial role in navigating the country through the recession.
Are wages high or low in a recession?
Not all sectors of the economy or professions are affected negatively by a recession, but times of economic hardship certainly are followed by high unemployment and wide cuts in wages.
Why was there a recession in the US in 1937?
Americans had less money and went into the recession because FDR had cut back on government spending. Many of the biggest cuts targeted programs such as the WPA, which had proved jobs to many workers. At the same time, FDR had increased taxes.
When did Comet last make significant job cuts?
The last time the company Comet Group made significant job cuts was in 2011, which was due to consumer recession, which was caused by the economic crisis.
How do budget cuts within a school create problems?
It cuts out classes like history and gym
What is an example of indirect cause?
An example of an indirect cause could be a company laying off its employees due to a decrease in consumer demand caused by a recession. The recession indirectly leads to the job cuts by impacting the company's revenue and necessitating cost reductions.
Explain Keynesian Economics and how did the US put this theory into effect?
During the 80's the massive tax cuts in the U.S lead to a rise in interest rate and have no effect on private savings as opposed to what the neo classical economics have predicted.
