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Give two examples of fiscal stimuli and explain why/when a government would use these. Explain how corporate tax cuts could be an engine for economic growth. According to the RWM article, explain 2 ways the GOP Tax plan could increase income inequality.
[hints: Using an example to explain the need for fiscal stimuli and what it is may be helpful in answering this question].
A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?
According to the Federal Housing Finance Agency house price index, U.S. housing prices declined throughout 2008 and 2009. What are two demand determinants and two supply determinants that might explain the broad decline in house prices that occurred ..
There are many different types of oligopolies in the market economy. When we look at oligopolies they are selling similar products. Give an example of an oligopoly explain how they are different than a monopoly?
Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not obvious." n 30 minutes, Kana can either make miso soup or she can clean the kitchen. In 15 minutes, Mitchell can make miso ..
Which of the following would shift the aggregate demand curve to the left? The short-run aggregate supply curve is positively sloped because: The aggregate expenditure curve is represented by a line that is: Whenever GDP exceeds planned aggregate spe..
Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n) Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. ..
What is the equilibrium level of national product? What is the government's budget surplus?
Using symbols and explaining their meaning, distinguish between: (1) the domestic demand for goods; and (2) the demand for domestic goods for an open economy.
An incumbent and entrant face a market of 100 buyers. Each buyer has a RP of $100 for the incumbents as well as entrants product. At each round each buyer is interested in buying no more than one unit of the product. In the ?rst round, the incumbent ..
Consider the following potential events that might have taken place at Global Conglomerate on December 27, 2012. For each one, indicate which line items in Global's balance sheet would be affected and by how much. Also indicate the change to Global's..
Which of the following characteristics relate to perfect competition? The curve that is most relevant to the firm's decision to produce or shut down in the short run is:
Two economists agree that labor market discrimination against certain workers unfairly leads to lower wages for the disfavored group. Economist X argues that government intervention is most likely necessary to eliminate this unfair treatment, Economi..
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