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Since the Great Recession of the first decade of the 21st century, the deficit of the Federal government of the United States and a number of nations belonging to the European Union (PIGS) has been central in the debate over the best approach to fiscal and monetary policy.
The paper for ECO100, fall semester 2013 will be a critical essay that explores at least one policy prescription which addresses the deficit of at least one of the nations mentioned above. (For instance, the International Monetary Fund (IMF) recently posted a report on the impact its actions in Greece to help this nation reduce its deficit.
Reduction of the Greek Government's debt was a required before it could borrow from the IMF.) The paper should offer the pro and con arguments of economists, politicians and/or other experts as to the impact of the proposed policies on a government's deficit, the distribution of income and any effects it may have on economic incentives. Finally, the student should indicate which of the proposed policies they believe have the best chance of success and provide a reasoned argument supporting their decision using the economic theory discussed in the videos, the text, The Price of Inequality, and/or articles from other economists.
Papers submitted without a bibliography and an attempt to properly cite sources in the body of the document will receive a score of 0.
profit = (quantity of output) x (price - average total cost), marginal revenue = (change in total revenue)/(quantity of output).
Now suppose that x 2 is also free to vary. Derive the demands for the inputs and the long-run cost function of the firm - Draw the two cost functions on the graph. Do they cross? Which one lies higher?
Create a health informatics compliance survey for healthcare facilitie
Discuss the effect the credit market crisis in the United States in 2008 had in the market for existing single-family homes. Assuming the demand for existing single-family homes is relatively inelastic, what is likely to happen to the total revenues ..
Antonio, an accountant working for the city of Santa Cristina,decides to forego his annual vacation to Hawaii when word leaks out that the city may be cutting all employees’ salaries by 10 percent at the end of the year
perfect competition 1. a perfectly competitive firm has the short-run marginal cost functionmc 3 6q 3q2where k
Let us assume you and ten of your friends are going to open and invest in a business. You do not want to pay double taxation on the profits. You want a type of ownership where profits must be distributed based on how much each person has invested ..
How much does the economy have to grow (potential output is, 3.5% and the unemployment rate is 7.3%) in 2014 to bring the unemployment rate down to 5%? How much does it have to grow each year to bring the unemployment rate down to 5% by 2017.
How important were price considerations in making your college decision? Would a change of a few thousand dollars have mattered?
as the fund manager for a large mutual fund you are preparing for a conference call with all your major investors.
The basic economic argument for greater income equality is that: an equal distribution of income is the logical outcome of any tax-transfer program. because citizens enjoy political equality, they are also entitled to economic equality.
Assume that you are an advisor to the United States section of Justice, the agency with responsibilities that include, among others, the power to approve or disapprove proposed business mergers in the U.S.
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