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Congress passed the CARES Act to provide an economic safety net during the Covid-19 pandemic shutdown. The CARES Act included stimulus checks that were sent to some households. Households with individuals making up to $75,000 received a $1,200 check and households with married couples making up to $150,000 received a $2,400 check. Think about how the savings rate varies with household income and the utility of savings versus spending when answering the questions below.
Explain why Congress only sent stimulus checks to households up to a certain income level.
Does this program make sense given the fact that there is a severe economic downturn? Why or Why not?
Does the particular income limit imposed make sense? Should it be higher, lower, or should there be no limit. Provide an explanation for your answer.
Discuss how these terms compare to each other in the world of health care economics. Some examples of terms are resources, quality, technology, and costs.
Mike buys a corporate bond with a face value of $1000 for $900. The bond matures in 10 years and pays a coupon interest rate of 6%.
Consider the following Cobb-Douglas utility functionu (x1, 212x)= 2/3 lnx + 1/3lnx (a) Find the equation for IC and derive the MRS.
Discuss and explain the interest parity idea using formal methods Describe IS and LM curve behavior and nominal interest rate in the domestic economy,
The table sets out the supply schedule of jeans. Calculate the elasticity of supply when the price rises from $125 to $135 a pair.
When Yeon's income was $2,200, he bought 5 kgs of rice a month. Now his income is $3,300 and he buys 4.75 kgs of rice a month.Calculate Yeon's income elasticity of demand forrice. Show your calculation. What is the market price and market output of s..
Suppose that two industries, the pizza industry and the calzone industry, are equally risky, but rates of return on capital investments are only 5% in the pizza
What is meant by "Antitrust regulations". Why is it important?
Describing How did Malthus believe population growth would affect the future of the planet?
Suppose you are a manager of a factory and purchased five new machines at one million dollars each. You can sell two of the machines for $500,000 each and three of them at only $200,000 each. What is your sunk cost?
Explain the primary ethical challenge facing corporate leadership. Analyze corporate leadership's response to the unfolding scandal.
Equilibrium Price Select a product that appears in newspaper ads of several different stores. Note the various prices and indicate whether any of these prices.
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