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Why is U.S. Government spending crucial to the creation of higher "new equilibrium levels"? Is this good for the macro-economy? Explain why or why not.
What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Discuss the differences in unemployment rates by gender, age, education, etc.
Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $2 million. Ranking the firms' sales from highest to lowest, we find the top four firms' sales to be $260,000, $220,000, $150,000, and $130,000, res..
Classify the following as automatic stabilizer, discretionary fiscal policy, or not fiscal policy a. the federal government increases spending because of the war in Iraq and Afghanistan b. the Federal Reserve increases the money supply
China's entry into the World Trade Organization in 2001 created more competition between local and foreign firms, and also provided China greater access to the market for exports. What implications do you think the elimination of the quota on rubber ..
Some economists and analysts have said that the Telecommunications Act of 1996 has brought forth a structural transformation in the telecommunications industry. The provisions of the bill designed to remove barriers to entry into the
You live in a world with two time periods. Your income is $100 in time period 1 and $150 in period 2. If the interest rate is 0.03 (3%), draw your inter temporal budget constraint. If you value current consumption 1.5 as much as future consumption at..
Illustrate what is the practical significance of income elasticity coefficients. Explain the significance using as examples an income elasticity.
Suppose the United States levied a 20% tariff on imported cars. Explain the effects on:
Refer to the graphs shown. The market is computers. Which graph best represents the impact of cheaper memory chips on the computer market?
Income Inequality -- Minimum Wage, Welfare Programs, Unemployment Benefits, Social Security, Medicaid -- Areas where our society is becoming more socialized Assignment: Pick one market in which the price system does not produce an equitable price and..
The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:
The following table shows the average nominal interest rates on six-month Treasury bills between 1971 and 1975, which determined the nominal interest rate that the U.S. government paid when it issued debt in those years. The table also shows the infl..
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