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Explain what is meant by fiscal policy. Give 2 examples of tools that can be used to implement fiscal policy. What are some of the problems with using fiscal policy?
Why do you think that supervisors are often unwilling to listen to employees' suggestions? Of all the topics discussed in this class, the only one that some students object to is unions.
1. Suppose the economy is currently suffering from a very high rate of inflation caused by aggregate demand that has increased beyond potential GDP.
Some airline executives have called for "re-reregulation." Why might an executive of an airline prefer to operate in a regulated environment?
From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:
Which of the following factors shift the demand curve?
A problem with Cost-Benefit Analysis is that. The role of the government as a provider of health care. Two events that were most effective in bringing about licensure of physicians were
Why do most countries have some protectionist trade barriers? Identify two types of protectionist trade barriers. Which is usually better for most countries, protectionist trade policies or free trade? Explain.
Which of the following is not a "resourcing" option for a domestic firm?
Good X and good Y are complements. U(X, Y) = min (5X, 4Y). Price of X is $5 and price of Y is $4. The total income is $80. (a) Write the consumption ratio of good X and good Y. (b) Write the budget constraint. (c) What is the consumption bundle to ma..
Extensive margin models use Rogerson (1988) style lotteries in order to simplify the savings problem under non-full-insurance.
Andy purchases only two goods, apples (q1) and kumquats (q2). He has an income of $40 and can buy apples at $2 per pound and kumquats at $4 per pound. His utility function is U(q1,q2)=3(q1)+ 5(q2). What is his marginal utility for apples and what is ..
You have made arrangements to borrow $1,000 now and another $1,000 three years from now (End of Yr 3). The obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and four are 10%, 12%, 12%, and ..
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