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Carefully explain the effect of an increase in income tax rate on the equilibrium GDP in the Keynesian income-expenditure model. In your answer, carefully show the new equilibrium and explain the adjustment to the new equilibrium.
Calculate the own price elasticity of Walmart's sports car toys and indicate if it is classified as inelastic, unit elastic or elastic. Why? What changes in revenues will Walmart expect as a result of the price change? Why?
Given the elasticities in question 2. and assuming that higher gasoline taxes would not shift either the SUV supply curve or the hybrid supply curve, a. explain how higher gasoline taxes would affect the equilibrium price and quantity of SUVs. b. e..
1. Using the file in this homework folder (women_job.xlsx), estimate the logit: Job = f(Married, School, Age) in STATA. (Include your STATA work) a. Report the values of the coefficients and p-values for each independent variable.
Explain how the factors determining resource demand differ from those determining product demand. Explain the meaning and significance of the fact that the demand for a resource is a derived demand. Why do resource demand curves slope downward
Determine the effects of a temporary increase in the quantity of government purchases on current equilibrium output, employment, the real wage, the real interest rate, the nominal interest rate, and the price level.
In the long run, according to the quantity theory of money, if the money supply doubles, what happens to the price level? What happens to real GDP?
In an expansionary fiscal policy to overcome current recession, the Federal Government increases its expending to improve the nation's physical infrastructure
an investor is considering buying some land for 100000 and constructing an office building on it. three different
Because a natural monopoly has declining average total cost, marginal cost is less than average total cost. But why? Can you explain?
Why do you think that foreign aid from the United States hasn't been more helpful to grow the economies for the nations that receive that aid?
Explain the theory behind the traditional short-run Phillips curve and draw the traditional short-run Phillips curve.
Research and critically analyse the option that HSBC have for total rewards (remuneration) in the new locations. Consider, recommend and justify (using relevant IHRM academic theory) the optimum mix of PCN, HCN and TCN staffing. Use only reputable..
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