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Since 2017, the federal government's budget deficit has been rising because of tax cuts and increased spending. If the Federal Reserve wanted to maintain the same level of aggregate demand in the face of large increases in the budget deficit, what should it have done? What would you expect to happen to interest rates?
Governor Brown, from the state of Taxifornia, wants to increase sales taxes to bring in badly needed revenue to support state operations. He is looking at taxing various goods and services. Will the state tax revenue be greater if the state imposes a..
Amalgamated Popcorn, Inc. is a fairly small firm selling bags of flavored gourmet popcorn in a popular mall. Compute the elasticity coefficients for price, advertising, income, and cross-price. You are currently paying $.45 for popcorn (including co..
Tom gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 112 hours. His wage is $20. His utility function is U(C,L) = C^3/4*L^1/4. Tom receives 640 each week from her great-grandmother. What is the mar..
Suppose the market demand and supply functions are QD = 220 - 1.6P and QS = 4P - 116. You have just graduated and moved to this city
1. 'The economy is in a recessionary gap What are the fiscal policy options available to the government?
As Vice President of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force ( from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional pe..
What are some of the factors that have prevented women from obtaining a proportional share of leadership positions in government and in organizations.
a. How can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP?
Using a cost benefit analysis understanding, with the social perspective of the gold coast
What are examples of goods with very high elasticity of demand (i.e., highly elastic)? What are examples of goods with very low elasticity of demand
Calculate the price elasticity of demand for frozen orange juice between the prices of $2.00 and $3.00. Is the demand elastic or inelastic?
Explain Relationship Between Motivation and Economics Essay. The purpose your first writing assignment is to show you the important relationship between motivation and economics.
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