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Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in response to each of the situations below and justify your answer.
a) A recession.
b) A stock market collapse that hurts consumer and business confidence.
c) Extremely rapid growth of exports.
d) Rising inflation.
e) A rise in the natural rate of unemployment.f) A rise in oil prices.
The market is created by demand and supply of products in the economy. Describe the law of demand. Explain a situation in your life where you noticed this law at work.
Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX?
the financial crisis of 2008 has caused macroeconomists to rethink monetary and fiscal policies. economists financial
Read the newspaper article "The Landlords: Two Sides of a Coin" by Diane Wedner in the Los Angeles Times - Use the article to explain the costs and the benefits associated with rent-controls
A firm has the following short run production function Q = 45L2.5 - 4L3- Write the equations for the marginal and average product of labor.
John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3.
These multiple choice questions are relates to Economics. The first question is about what is not rent-seeking behavior and the second question is about what happens when new firms enter a competitive market.
What would be the real rates of return on the assets in the preceding question if the price changes described were accompanied by a simultaneous 10 percent increase in all dollar prices?
You are currently charging $1 per bag of popcorn, spending $200 in advertising, charging $1 for a soda pop, and per capita income is $12,000. a. Compute the elasticity coefficients for price, advertising, income, and cross-price. b. You are curren..
Summarize the video in a one - page report. Reflecting on the contents of this chapter, which aspects of the international monetary system can you identify.
1.explain why the short-run aggregate supply curve is not vertical but the long-run aggregate supply curve is
at the fishing hole people come from all around to catch fish to sell at the fish market. the total number of fish
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