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Describe the effect on GDP, unemployment, and inflation of each of the following: (a) war, (b) elimination of environmental regulations, and (c) cuts in welfare benefits.
Graph the effect of this policy change on an employee's budget constraint. Be sure to label the intercepts and any other relevant points on this modified constraint. Let M represent the employee's income.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive ..
Almost immediately after the new Federal Constitution went into effect, those supporting it split between Thomas Jefferson and Alexander Hamilton. What was Hamilton’s economic program in the 1790s and why did Jefferson oppose it? Did Hamilton get his..
Based on the Quantity Theory of Money, what will be the expected inflation rate, if the Federal Reserve System (central bank).
Write letter to the chairman of the Federal reserve suggesting how the fed might help the recession. Be sure to carefully and fully explain how a change.
q1. if consumption increases by 12 billion when real disposable income increases by 15 billion what is the value of the
Suppose that the demand function for bagels is expressed as the following: Are bagels and tortillas substitutes or complements? the (own-) price elasticity of demand for bagels?
Compute the Learner index if the marginal cost of producing Lipitor is $0.30 per pill. Does the Lerner index make sense in this situation.
Why might foreign aid not reduce poverty of a developing country? Explain Three different reasons based on the foreign aid.
Determine the discounted payback period months for the switchboard in Problem 8.20 if the interest rate is 18%. (Answer: 53.7 months)
q1. the price of good is 1.20 per unit also annual demand is 800000 units. market research indicates that an increase
A firm sells its output in a perfectly competitive market at a fixed price of $10 per unit. it buys tow imputs L and K at prices of $15 per unit and $50 per unit respectively and has following production function: Q=100L0.3 K0.5. Use calculus to show..
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