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Explain the a simple model of the expenditure sector without any government involvement
Consider the following economy with Ta = 500 and YA = 10,000. 1) If G = 3500, Derive the equation of the BDA as a function of t (tax rate). 2) Find the tax rate at which the country will be running a budget balance.
which of the following three expressions uses the economists definition of money a. how much money did you earn last week b. when i go to the store, i always make sure that i have enough money.c. the love of money is the root of all evil
Starting with the first part of the previous century, Europe had a growing economy, a flexible social structure, and a good educational system, which assisted the gradual development of modern industrialization.
Suppose Japan agreed to a voluntary export restriction which reduced US imports of Japanese steel by 10 percent. What would be the likely short-run effects of that VER on the U.S..
How would you account for the great divergence that is acceleration of economic development in the West in 19th century while much of the rest of world remained characterized through low rates of economic growth?
What is the difference between the real exchange rate and the nominal exchange rate If the nominal exchange rate goes from 120 to 160 pesos per dollar, what has happened to the value of a dollar Use examples from the text and/or the internet
Discuss some polices the United States government could take to increase United States economic growth? Name two or three and describe why these would encourage growth.
Using a production possibilities curve, explain (using narrative and graphs) the opportunity cost principle. Please provide a “real-world” example where this principle would be applied in the public/healthcare/nonprofit sector.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Determine the basis of the kinked-demand model? Describe the reason for the gap in oligopolist's marginal-revenue curve. How does this model explain price rigidity in oligopoly.
Elucidate why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource.
the values below are in billions of dollars.c 800i 100g200im 150ex100a. what is output?b. if taxes t are 100 billion
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