Although our development of the keynesian cross in this chapter assumes that taxes are a fixed amount, in many countries taxes depend on income. let’s represent the tax system by writing tax revenue as t = t + ty where t and t are parameters of the tax code. the parameter t is the marginal tax rate: if income rises by $1, taxes rise by t x $1.a. how does this tax system change the way consumption responds to changes in gdp? b. in the keynesian cross, how does this tax system alter the government-purchase multiplier? c. in the is-lm model, how does this tax system alter the slope of the is curve?

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.