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Within classical model analyse the effect of increase in marginal income tax rate. Explain how output employment and price level affected. Consider case in which the increase revenue produced by tax increase results in decline in bond sales to public in which it results in Lower money Creation
If the Federal Reserve decides to act, how will that affect investors that deal with Bank of Trust? Limit your answer to issues discussed in the case
What do we call a period of production long enough for producers to adjust the quantities of all their resources, including capital?
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
Suppose the demand for good Z goes up when the price of good Y goes down. We can say that goods Z and Y are:
Consumer spending during holiday seasons affects the aggregate demand (AD) in the economy. AD drastically declines during serious recessions
Illustrate what is the arc cross elasticity of demand among Future Flight's and Soaring Free's frisbees
What would be the consumer buying response to Coca-Cola if the price of Pepsi doubled If the prices of Coca-Cola and Pepsi remained constant, what would be the typical buying response to these products if consumer income was reduced by 30%
Illustrtae what does the agent choose if the terms are worse than actuarially fair.
How do you think the official unemployment data can be improved to be a better measure of unemployment in the economy
Prepare a presentation about The Mortgage Market. Points will be given for asking questions of your fellow classmates to determine their knowledge of the subject.
Cindy gains utility from consumption and leisure. The most leisure she can consume in a week is 168 hours.
What is the total amount of final goods and service that firms in a country plan to produce, depending on the labor, capital, technology, natural resources
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