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Relation Between Fiscal and Monetary Policy
What's wrong with the following statement? Whenever fiscal policy makers increase the budget deficit, monetary policy makers should increase the money supply in order to maintain a low, stable rate of inflation.
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
Illustrate what are the pros and cons of performing an engineering economic analysis
What is the income elasticity? Interpret the elasticity in a mathematic and economic context -- what does this number tell you? Is the own price elasticity consistent with economic principles? Explain.
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
A monopolist faces demand curve p = 11-Q , where Q is measured in thousands of units. Compute the firm's degree of monopoly power using the Lerner index?
Tax rebate and a tax refund is a tool of fiscal policy. A deduction in tax rates is not the similar thing as a tax cut.
What is the effect on investment? What is the multiplier effect?
Expansion and contraction are commonly utilize terms in economics and the media.
Explain how many hours of work is the consumer working. What is her income.
What is its sustainable growth rate. Illustrate what must its profit margin be in order to achieve its sustainable growth rate.
Explain how would you go about resolving the issue if you were the president of a small, poor country.
Consider a homogenous-product Cournot duopoly model in which Q is the market output-Determine the best-response function for each firm. Draw a diagram showing the two best-response functions.
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