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Considering the size of our national defense budget, should we be spending more on military technology? What is your opinion?
Suppose Congress passes and the President signs a bill raising the federal minimum wage by $1.00 per hour from $7.25 to $8.25. As a result of this increase, a local retailer reduces its hiring of minimum wage employees by 10%.
A chartered bank offers a one-year loan at "3 points above prime." Prime is 4 per cent. then what is the nominal interest rate.
Estimate total revenue function and the marginal revenue function with just this information.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
External Social Benefits: During recent years, professional sports have enjoyed an unprecedented boom all across the United States and Canada. Team revenues have skyrocketed with growing fan interest and attendance, thriving broadcast revenues.
Draw a bowed-out production possibilities curve (PPC or PPF) with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis.
1) Identify the combination of workers and capital that will be used. 2) Is the total cost of producing 9 units of output in this way greater than, less than, or same as the cost at point C Support your answer by showing what has happened using L..
In a closed economy the marginal propensity to consume is .60 and the marginal propensity to invest is 0.10. What is the size of the multiplier?
Suppose the government spends more on building new infrastructure. Assume that the new infrastructure projects are useful and make the economy more efficient. What is the effect on the long-run level of output and the price level? Concentrate on the ..
Is your employee affected by increases in the minimum salary. In what way is your employer affected by minimum wage increases.
Elucidate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
The price received by sellers in a market will decrease if the government imposes a binding price floor in that market or else.
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