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Using the IS-LM-PC model for a closed economy, discuss the effects of an increase in taxes diagrams put in place to reduce the government deficit, a) in the short run and b) in the medium run with a central bank policy rate adjustment. Your discussion should be make explicit reference to that illustrate adjustment dynamics.
Give one example of a market failure, such as air pollution, water pollution, illegal immigration, orchild labor, that is an international problem. Describe the roleof the U.S. government in addressing this international marketfailure and explain ..
Keynesian thinking dominated US (and other developed-country) policy-making well into the 1970s, although the "classical" counter-arguments kept up a steady criticism:
Describe qualitatively how the coffee shop owner should change the drink sizes (and then the prices) to increase profits even further.
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
What is ‘shadow banking'? Does it pose a threat to stability of China's financial system? Outline main features of new normal phase of China's economic growth.
the products profits per unit output are .50 per gallon for gasoline and .75 per square foot for fiber.nbsp then the
A firm produces new pharmaceutical drugs using computers and scientists. Computers cost $10 and wages for scientists are $10. There is also a givernment program attempting to boost employment of scientists which will pay 50% of a wage for any scie..
Analog Devices, which develops specialized applications for analog semiconductors, has invested countercyclically to cash in on business upturns. The results: 80% faster growth and 50% higher profitability than the rest of the semiconductor indust..
1. What is the main idea of the chapter on the influence of monetary and fiscal policy on aggregate demand?
Assume the exchange rate is allowed to fluctuate freely. Using the IS-LM-IP model, graphically illustrate and explain what effect expansionary monetary policy will have on the domestic economy. In your graphs, clearly label all curves and equilibr..
The Industrial Age is over and here we sit with all the problems that came from it. What is YOUR vision of the future?
Informed decision-making is an important aspect for working in the government. According to Milakovich and Gordon, provide some examples of how information technology can be used to assist bureaucrats in decision-making
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