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Question1. Determine what is a government budget deficit and how does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer? Give at least three examples in your response.
Question2. Are unions good or bad for the economy and How do unions at GM and Ford affect employment levels and wages? How do unions affect other industries in terms of employment and wage levels?
Assume the government imposed a minimum price of $7 in the schedule of exercise 3. What would occur. Illustrate.
What phase of business cycle is the US currently in? Explain in detail. Determine the latest GDP of the United State? How has the GDP changed since the 2007?
Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
Then the image of a company goes up as graduate students use theorganizations products." Does such action square with a company's objective of profit maximization
If Tarzan also Jane are each nation willing to give-up on hour of patrol for 2 pounds of fruit, is the current allocation of Cheetah's time Pareto efficient.
a nation to have commercial relations with other countries
illustrate what it implies for the relationship between labour supply and productivity growth.
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
What is the equilibrium price and quantity. Illustrate what will sales be if the price is dropped to $20.
The Federal Reserve buy $1 million in United State Treasury Bonds from a bond dealer, and the dealer's bank credits the dealer's account. The required reserve ratio is 15%,
Illustrate what are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries.
Elucidate the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier.
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