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The federal budget deficit grew 25% in the first four months of the fiscal year...The U.S. budget gap totaled $389 billion from October through January, compared with $310 billion in the same period a year earlier, the U.S. Treasury Department said on Feb 11.
(a) Explain, with an aid of diagram, how the increase in budget deficit in U.S. might affect the loanable funds market and how it would impact the real interest rate.
(b) Using the same diagram, or otherwise, explain how the change in real interest rate might affect private consumption and planned investment. Hence, explain how the increase in budget deficit in U.S. might affect long-run economic growth?
Discuss the role that increasing life expectancy over the last century has on the types of diseases and conditions affecting mankind.
Everybody in the park has a reservation price of $1 for a hot dog, where the cost of a hot dog includes the subjective cost of walking as well as the money price they have to pay when they get there. (Nobody has ever thought of fetching a hot dog ..
explain how the law of diminishing marginal utility applies to your personal consumption patterns and how the utility-maximization rule and the income and substitution effects play a role in your shopping at the mall and grocery stores.
Sarah buys a house in 1999. She obtains a mortgage that carries an annual interest rate of 12 per cent, and makes payments of $880 per month. The CPI in 1999 is 100, in 2000 it is 110, and in 2001 it is 120. What is the inflation rate in 2001?
The unemployment rate isn't the same for all industries. Some industries are doing better than the overall average, some industries are doing worse.
Sketch a domestic supply and demand diagrams for a product in which the United States does not have a comparative advantage.
Is Communist China a capitalist economy? To what extent does Communist China have that something else. The paper should be no less than 1500 words.
Essay about any problem related with economics, 1200 words, APA format, must have graphics
Purchasing power parity conversion factor is a common phrase in the international economics. What is the meaning of this phrase?
how would outcomes be affected if people, on average, preferred to work for themselves rather than for someone else, i.e., if on average people preferred self-managed to alienated labor?
Calculate Joe's Marginal Revenue Product for Labor (MRPL). What is Joe's optimal level of L if w=$22.75? Why?
Important differences exist between perfect competition and oligopoly. Show your understanding of these differences by listing the following terms under either "Perfect Competition" or "Oligopoly" in the table below.
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