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Question 1
Labeled aggregate demand and aggregate supply graph for the scenario.
The election of a new Congress causes consumer confidence to soar as expectations of future economic growth are solid.
Question 2
There is an increase in the expected rate of inflation in the economy.
What do you expect to happen in the long run?
what are the potential consequences of a country having a large overall debt? if you were in the position to implement
1.Explore why lump sum tax, even though efficient are rarely used.2.Using demand and supply analysis, discuss how a tax on labour income (hours of work available is fixed) creates excess burden between the paid and unpaid labour markets.
wills bagel stop offers a frequent buyer program whereby a consumer receives a stamp each time she purchases one dozen
The goal of all capitalists is to dismiss the competition and gain market power. a) Explain why that might be hurtful for the economy, though not for everybody, clearly stating who wins and who loses in the presence of monopolies.
Expensive television commercials that appear to provide no specific information about the product being advertised.
underwriting by investment banking firms involvesa. insuring the life or health of individuals.b. guaranteeing a price
The goal of studying and recording the unemployment rate is to learn something about the state of the economy. Explain why each of the following makes the unemployment rate a better or worse indicator of how healthy the economy is.
problem two plants production. a firm has two plants that produce the same good. the cost functions for the two plants
How should the new manager allocate the available funds
A corporate jet costs $1,350,000 and will incur $200,000 per year in fixed costs (maintenance, licenses, insurance, and hangar rental) and $277 per hour in variable costs (fuel, pilot expense, etc.).
Draw a picture showing both the marginal cost curve and the total cost curve for Fangorn Inc - Can you conclude something more general about cost curves when marginal costs are constant?
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