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A proposal in the government budget set forth in 2013 placed a limit on the total amount of savings that can be accumulated in tax-preferred retirement accounts to about $ 3 million (U.S. News and World Report, April 10, 2013). The White House has argued that wealthy individuals have accumulated "substantially more than is needed to fund reasonable levels of retirement saving," and that the tax deductions from these excess savings cost the government billions each year. Do you agree or disagree with proposal, why or why not? How do these sorts of proposals affect the market for loanable funds?
When GDP is high or increases does it indicate higher income If so when GDP per capita increases why do saving ratios decrease when savings is income induced ie a rise in income increases savings and a decrease in income decreases savings
where LS is the quantity of low-skilled labor (in millions of persons employed each year), and w is the wage rate (in dollars per hour). The demand for labor is given by
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)?
1.one of the requirements of the noble eightfold path is right livelihood. schumacher suggests that the understanding
Why are exports included in the estimation of domestic product by the expenditure method? Can the gross domestic product be greater than the gross national product? Explain
Discuss the law of demand. Graph the following demand- supply equations: Qd= 100- 0.5P Qs = P Compute the equilibrium price and quantity. Discover the excess demand, if the price is set at $50. Presume the government imposes a tax ($2/unit) on the se..
Suppose that A is a small open economy that takes world prices as given. What would be the effect on wages and rents in A if it were to experience an inflow of foreign capital Use a diagram to explain your answer. Which groups would favor this cap..
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discuss how the actions of the federal reserve specifically an increase or decrease in money supply affect the other
Are e-books and textbooks complementary or substitute goods?
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
Economists have observed that spending on restaurant meals declines more during economic downturns than does spending on food to be eaten at home. How might the concept of elasticity help to explain this phenomenon?
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