Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter12: Fiscal Policy, Incentives, And Secondary Effects
Section: Chapter Questions
Problem 13CQ
Related questions
Question
Find the number of people employed in the country from the articel. Explain your reasoning.
![The new round of tax cuts is supposedly intended as post-terror economic stimulus.
But recent remarks by Dick Armey give the game away. Defending the bill he and Tom
DeLay rammed through the House-the one that gives huge retroactive tax cuts to big
corporations he asserted that it would create 170,000 jobs next year. That would add a
whopping 0.13 percent to employment in this country. So thanks to Mr. Armey's efforts
next year's unemployment rate might be 6.4 percent instead of 6.5. Aren't
you thrilled?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe7a1580d-b0b0-434b-847e-741d03f01d82%2Fd9655610-c8cb-4cd8-90ee-f9a9ce4cce69%2F15vmaho_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The new round of tax cuts is supposedly intended as post-terror economic stimulus.
But recent remarks by Dick Armey give the game away. Defending the bill he and Tom
DeLay rammed through the House-the one that gives huge retroactive tax cuts to big
corporations he asserted that it would create 170,000 jobs next year. That would add a
whopping 0.13 percent to employment in this country. So thanks to Mr. Armey's efforts
next year's unemployment rate might be 6.4 percent instead of 6.5. Aren't
you thrilled?
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