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explain how the aggregate expenditure function shifts in response to change in each of the following variables.
a. higher taxes are imposed on business profits
b. the economies of many countries in the rest of the world go in recession
Describe your general strategy with respect to creating a more balanced budget and describe specific areas that you propose to increase and decrease as part of your revised budget plan.
Which were the main causes of the Great Depression and why did the Great Depression last so long?
How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other country.
Calculate the linear demand schedule
Tariffs and quotas can be used to achieve similar ends. In fact, for any given quota, there is an equivalent tariff that will limit imports to exactly the same amount. Still, there are differences between quotas and tariffs.
U(X,Y) = X2Y. The consumer has $24 to spend and the prices of the goods are PX = $2 and PY = $4. Note that the MUX = 2XY and the MUY = X2.
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
Each consumer is given a voucher which entitles her, free of charge, to fifty units of education. (of course she can also use the voucher to cnosumer, free of charge, less than fifty units) If she wants more than fifty units of education
A $19,200 mortgage bond that is due in one year pays interest of $600 every three months.1. Find the coupon rate of the bond. ____ I found b=0.125 2. Find the present value of one of these bonds. (Ignore past activity; consider future interest pa..
assume the demand curve faced by a monopolist is given by the following tableprice demand total revenue marginal
An economy is currently in equilibrium and the following figures refer to elements in its national accounts and what is the current equilibrium level of GDP and what is the level of injections
Presume that the dependent variable in your regression has a non-normal distribution, even after controlling for the x variables (In other words, MLR.6 is violated). Under what circumstances can the OLS coefficients and standard errors still are util..
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