How may it affect Saudi Economy if an income tax is imposed in KSA?

Learning Goal: I’m working on a macro economics question and need support to help me learn. Case Study When taxes induce people to change their behavior—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from… Continue reading How may it affect Saudi Economy if an income tax is imposed in KSA?

What should be taxed – Personal Income or Personal Consumption and why?

Learning Goal: I’m working on a macro economics question and need support to help me learn. Case Study When taxes induce people to change their behavior—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from… Continue reading What should be taxed – Personal Income or Personal Consumption and why?

Explain how unemployment and inflation impact the AD/AS model

Learning Goal: I’m working on a macro economics writing question and need an explanation and answer to help me learn. Write 3 pages in MLA format, identifying periods of economic growth and recession using the AD/AS models. Explain how unemployment and inflation impact the AD/AS model. Evaluate the importance of AD/AS models from a macroeconomic… Continue reading Explain how unemployment and inflation impact the AD/AS model

Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level?

Learning Goal: I’m working on a macro economics discussion question and need an explanation and answer to help me learn. Macroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the… Continue reading Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level?