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Supply-side economics, during President Reagan’s administration, involved a. the supply component of the supply-demand equation. b. stressing the importance of tax cuts for businesses. c. stressing the importance of tax cuts for the wealthy. d. an increase in the size of the national debt. e. All these answers are correct.
Maker an article or current event article which relates to government regulations or antitrust activities.
explain alternatives to traditional monetarist devices be identified in modern economies.
Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage (%) raise in real GDP per person from 1987 to 2005.
Explain the effect these vending machines have on the speed of market adjustment. Have you ever wanted to buy a soft-drink on a very hot day, only to find that the vending machines are sold out. How would widespread use of such vending machines af..
(1) Show that a profit maximizing monopolist equates marginal revenue in each market to the common marginal cost. (2) Derive mathematically the formulas for the price-elasticity of demand and for the income-elasticity of demand. Interpret both m..
Explain the difference among comparative advantage and absolute advantage. Explain how economies benefit with specialization and trade.
Assume the USA and Canada are considering to trade. Assume there are only two goods in the economy: potatoes and rice. The table below illustrates what each country can produce in a given year.
Cindy gains utility from consumption and leisure. The most leisure she can consume in a week is 168 hours.
Patients who need the surgery must pay for it themselves. Among which of the surgeries has the lower inflation rate.
Elucidate what happens to Economic growth and Consumption at each stage of the cycle. At which stage of the Business cycle is your firm right now and why.
Illustrate what is an investment schedule and how does it differ from an investment demand curve.
James Pizzo is president of a company that is price leader in the industry; that is, it sets the price and the other firms sell all they want at that price.
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