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John Maynard Keynes was the first to show that government policy could be used to change aggregate output and prevent recessions by stabilizing the economy. Describe the economy of the world at the time Keynes was writing. Describe the economy of the United States today. What measures were being proposed by the Presidential candidates in the election of 2008 to prevent or end a recession in 2008-2009? Where the actions taken appropriate from the stand- point of John Maynard Keynes? Did they have the desired effect?
Specific business practices such as price discrimination are prohibited through the,
In your own words, summarize the United States Budget. What is the largest source of revenue for the U.S. government What is the largest expenditure for the U.S. Do you think these budget priorities are correct Explain.
What is Crusoe Island giving up in order to produce one unit of fish and what is Yakamay Island giving up in order to produce
In an effort to encourage free trade, imagine that the members of the World Trade Organization agreed to dismantle all tariff protection of domestic industries in their respective countries. Do you think that such a commitment will necessarily resu..
A hot topic in today's news is the rising cost of health care and how we, as a country can provide universal health coverage. Approximately 47 million individuals in the U.S. are uninsured or underinsured.
The Republic of Republic produces 2-goods, marshmallows and soda water. In 1994, the one hundred units of MM produced sold for $3 a unit and 50 units of SW produced sold for $1 a unit.
Describe some models that forecast the effect that decreasing protection Tariffs will have on factor prices Labour and capital?
Kellogg's, breakfast food people, comprises one of four corporations that control about 92% of its market for breakfast food. Kellogg's would be considered;
The G-20 issued a statement Saturday indicating creating nations we unlikely to back off their demands that created nations do away with subsides and tariff barriers from their farm products.
Black Diamond Tennis & Golf Club offers golf & tennis memberships to residents of Black Diamond, Ohio, in which there are two types of families:
The Ecuadorian Sucre is trading for $0.000425 today and you are redeeming an Ecuadorian 1-year bill that you bpught one year ago when the Sucre was at $0.0005.
Suppose that Norway (country 1) and Russia (country 2) are the only two natural gas exporters to Germany. The inverse demand curve is P= 100-Q, where P is price and Q is the total quantity in the market. Costs are C1=Q12 and C2=10*Q2, where C1 and..
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