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1. Describe how a policy by the government and Federal Reserve of NOT intervening in the case of a normal (non-financial-crisis) recession could lead to greater long-term economic growth. (2-4 sentences)
2. Explain why tax cuts to middle-income people, theoretically, would lead to greater economic growth than would tax cuts to higher-income people. (2-4 sentences)
Brazil has a population of about 200 million, with about 145 million over the age of 15. Of these, an estimated 25 percent are functionally illiterate. The typical literate individual reads only about two no academic books per year, which is less tha..
You now know everything you need to know to be an informed critic of the Affordable Care Act. Based on all that you have learned, how does the Act measure up to our three goals of 1) increasing quality of care, 2) increasing access to care and 3) kee..
If an investment of $20,000 is worth $22,076 at the end of one year with quarterly compounding: What is the nominal interest rate per year(APR)? What is the effective interest rate per year (APY)?
If a company or municipality requests the terminating of a pension in bankruptcy, the court first has to determine that the company/municipality is otherwise insolvent. The company/municipality does not get to decide that for themselves, and they do ..
In general, large current account deficits have to finance by:
Which of the following is an advantage of a sole proprietorship? Which of the following statements is true about businesses and profits? A marketing manager is primarily responsible for:
What is the equation of the demand curve if consumer incomes are$30,000, the price of good Y is $10, and the price of good Z is $20? Graph the demand curve that you found in (b), showing intercepts and slope. If the price of good X is $15, what is t..
Acme Container Corporation produces egg cartons that are sold to egg distributors. Acme has estimated this production function for its egg carton division: Acme currently pays a wage of $10 per hour and considers the relevant rental price for capital..
To aggregate individual demands to the the market demand curve for a rival good one
Consider and economy with the following production technology: Y = 9K1/3 L2/3 , where the aggregate capital stock is K=100, and aggregate labor is L=100. The price of output is 1. a) Compute the equilibrium wage and capital return. b) Compute total p..
A business opportunity has presented itself to you and one of your classmates. Your opportunity is to enter the fast growing craft beer industry. Your projected sales in the first year is 7500 kegs. The equipment will be depreciated using straight li..
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
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