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Q1. Why do proponents of active policy recommend government intervention to close an expansionary gap? Briefly discuss.
Q2. Why might an active policy approach be more politically popular than a passive approach, especially during a recession?
Q3. Some economists argue that only unanticipated increases in the money supply can affect real GDP. Explain why this may be the case.
Q4. What is the policy credibility and how is it relevant to the problem of reducing high inflation? How is credibility related to the time inconsistency problem?
Calculate Marginal Revenue from demand if the marginal propensity to save is 0.05, how large is the multiplier.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
Think of any financial innovation in the past ten years
Estimated regression equation for which quantifies the demand for Widget
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Calculate the price elasticity of demand for Newton's Donuts
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
How many tickets to sell to maximize total welfare.
Calculate price, quantity and social surplus for the initial state and each policy.
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