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Take a moment to reflect on the process of creating your personal budget. What was the most challenging part of creating your budget? Did you take the time to track your spending? What did you discover about your spending? How does it feel to have a plan for your spending?
Residents of the Michigan shoreline villages of Empire, Glen Arbor and Leland were surprised as they awoke to see the Lake Michigan beach covered
In Krugman and Obstfeld's International Economics, 8e, Chapter 16, an involved argument is given showing that a permanent fiscal expansion will not affect output even in the short run. It seems to me that this is a saddle point stability argument in ..
Hello there. I'm the mayor. I know some people don't like inflation. I'm not crazy about it -makes me look bad to the voters.
James has a utility function given by , where is the amount of product 1 consumed per period and is the amount of product 2 consumed per period. Derive James’ Marshallian demand functions for and , expressed as functions of the prices of goods 1 and ..
Why is each the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy
Your market research has identified the market potential in Malaysia, the Philippines, and Singapore as described in the following table:
Who or what group is responsible for monetary policy in the US? Just how independent are they of political pressure
Mention the two forms of market failures associated with asymmetry of information. In each case use a specific example to explain the circumstances.
What would the price of E85 (85% ethanol, 15% gasoline) have to be for its cost to be the same as that of pure gasoline?
What is predation? What is the Chicago school criticism of predation and what is the counterargument to this criticism? Give four non-predatory reasons as to why firms respond aggressively to entry. Is there any evidence that can allow one to disting..
A consumer’s preferences are summarized by the utility function U = X2Y (then MUX = 2XY and MUY = X2 ). Assume that M = 120, PX = 4, PY = 2. a. What is this consumer optimal choice?
What are the consequences of long term unemployment? Should policy makers intervene?
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