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Budget Deficit in light of COVID-19: What it means for Canada?
Read the following articles to formulate your idea and discuss the above question:
-"Canada's Budget Deficit To Hit $180 Billion In COVID-19 Crisis"
-"How will Canada pay for its Covid-19 response?"
Why doesn’t the National Bureau of Economic Research identify the turning points in economic activity until months after they occur?
a.) Complex systems such as the climate are characterized by thresholds and feedback loops. Describe 2 positive feedback loops for global climate change. Describe 2 negative feedback loops for global climate change.
Assume Springfield's economy moves into a recession and Y falls to $9 and increasing unemployment allows widget makers to decrease wages to $18 per hour.
Now, suppose that the following changes in demand and supply occur: (1) a complimentary good goes down in price and (2) your costs of production decrease.
Which nation should specialize in the production of Good X and which country should specialize in the production of Good Y.
A concerned President approaches Congress, and Congress repeals its policy of a price floor for volleyballs and imposes a price ceiling of $9 ($1 below the former price floor of $10). What are the consequences of this price ceiling?
You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given in the following table:
After a certain point, the more hours you spend studying economics per day, the less you will learn with each added hour. D. the more hours you spend studying economics per day, the more you will learn with each added hour.
How does the zero lower bound on nominal interest rates make a fiscal consolidation more difficult?
Synthesizing Information Describe structural and technological unemployment and give an example of each. Why are these kinds of unemployment serious problems.
How are public savings, national savings, private savings and investments related together?
What factors influence the demand for this product? What factors influence the supply of this product? How have these changes in supply and demand affected the equilibrium price of this product?
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