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As a member of the Presiden'ts council of Economic Advisors, you estimate that an increase in the federal deficit of a given amount will increase equilibrium income by twice that amount. If the goal of the administration is to increase equilibrium income by $1000, you would recommend: and why?
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
Explain how much will your company's total revenues revenues from both products change if you increase the price of good X by 1 percent.
Find data on GDP and its components, and compute the percentage of GDP for the follow-ing components for 1950, 1980, and the most recent year available. a. Personal consumption expenditures b. Gross private domestic investment
Income inequality and immigration are two major important issues facing the United States economy and have long been debated across the political spectrum. What are some of the important questions related to income inequality and immigration.
What is the percentage of this problem a country has a population of 2,130,819, and another country's has a population of 11,862,740 what is the percentage when you compare the two countries
Assume that demand for labor by firms is given through L=1000-100W and the supply of labor from workers is given by L=-400+100W, where L represents the number of workers and W is the wage in this labor market.
T = 1,200 (taxes - non-income) What is the multiplier associated with each policy program (i.e. the multiplier AFTER the program is implemented - just the number please)? Which policy program promotes economic stability
Whether the government cuts taxes by $200 billion or increases transfer payments by $200 billion, the initial effect on disposable income is the same. By how much does disposable income initially change? If the government cuts taxes, by how much wi..
Lerner Index to compute your price mark-up. What is your optimal price if you produce 1000 units.
The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 4Q. The cost structures for the leader and the follower, respectively, are CL(QL) = 4,000QL and CF (QF) = 6,000QF. a. What is the follower's reaction function
A "product" is best described as: A) A purely physical entity. B) An image in the mind of the consumer. C) A need satisfying offering of a firm. D) An intangible service. 2._____ means a product's ability to satisfy a customer's needs or requirements..
Lou's preference over pizza(x) and other goods(y) are given by U(x,y) = xy, with associate marginal utilities MUx=y and MUy=x. His income is $120.
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