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Question: 1. Discuss the difficulty of using discretionary fiscal policy.
2. Explain why new problems will arise in the economy, even as old ones are solved.
For this statement to be true, identify what the elasticity of supply would have to be and explain why. In addition, predict what the elasticity of supply would have to be for a food stamp program to increase the availability of food to the poor w..
What has happened to U.S. household debt over the past three years? What has happened to U.S. household savings over the same time period?
Economist George Stigler once wrote that, according to consumer theory, "if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises."
Explain how might a high school student's experience with inflation differ from an employed urban adult.
Assume that a price support system for cotton requires the federal government to pay farmers $3,000 for each acre to not plant cotton. How would you shift either the supply or demand curve for cotton to describe the effect of this action? In your a..
Clara's utility function is U(X, Y) = (X + 2)(Y + 1). If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?
Illustrate what special problems are faced by eastern european economies as they make the transition from central planning to competitive markets.
But new technologies and globalization have made the protection of some IPRs extremely costly. Developing countries, in particular, face a difficult decision in determining how much resources to spend on protecting IPRs.
What is the difference between GDP and GNP? How did GNP change from 2013? What caused these changes? What does National Income tell us? What is the difference between GNP and NI? How did NI change from 2013?
Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.
Find comparative statistics for the U.S. health care system and the Canadian health care system. What is currently the major difference between the U.S. health care system and the Canadian health care system?
Research the direction of monetary policy over the last 3-5 years. Has the money supply increased or decreased? Explain. Have interest rates increased or decreased? Explain.
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