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Assume the economy is in long run full employment equilibrium with unemployment at the full employment rate of 6% and inflation of 4%. In this situation what would happen to aggregate demand and aggregate supply, unemployment, and inflation should the federal government cut business and individual taxes by 4 trillion dollars next year? Use the Phillips Curve and aggregate demand and aggregate supply to support your answer.
Assume that MPC is 0.8, while the sum of planned investment, government purchases, and net exports is $500 billion. Assume also that the government budget is in balance.
Elucidate how have these policies affected the prices of the product the industry produces?
In your own words, is the blood an organ or a tissue? Explain why or why not. Why is plasma protein important to a healthy blood supply? Can it be donated?
What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth, and why?
Explain why both marginal and average costs are believed to eventually increase in the short run.
Show that f is increasing and concave in both t'h and x - What does this imply about the optimal investments in human capital the spouses should make early in life?
What trends have worked against the union movement during the last half century?
Visit the Bureau of Economic Analysis Web site at www.bea.gov In U.S. Economic Accounts under National click on Gross Domestic Product (GDP), then Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables, click "Be..
Research the Internet for database vendors that provide cloud computing services and complete the following:
Suppose you are the owner-manger of an innovative computer software company, and your latest product is so revolutionary.
1. In a recession, tax payments tend to increase and transfer payments tend to decrease. T/F 2. By engaging in "maturity transformation" commercial banks transfer risk due to interest rate changes from themselves to the depositors. T/F
Output the total entered so far when each coin is inserted. When $3.50 or more is added, the program should output "Enjoy your deep-fried twinkie" along with any change that should be returned. Use top-down design to determine appropriate function..
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