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Life has become yet more complicated. Government spending works with a distributed lag. Now when $1 billion is spent today, GDP increases by $1 billion this period and $1.5 billion next period.
a. What happens to the path of GDP if government spending rises enough this period to put GDP back to its potential level this period?
b. Suppose fiscal policy actions are taken to put GDP at its potential level this period. What fiscal policy will be needed to put GDP on target next period?
c. Explain why the government has to be so active in keeping GDP on target in this case.
Assuming that you get a summer intern job and a recession began while you are there. Write a memo to your boss, who is a member of Congress.
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Find the GINI coefficient for the country of Brazil through excel. I tried several ways but it does not seem right. I have all the data needed to find it. I'm just not sure what steps I need to take next.
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bill gets utility satisfaction from two goods x and y according to the utility function uxy lnx lny. while bill would
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1. after graduating from high school ron willis plans to go to college. the college tuition is 20000 a year. but
Commmon and preferred stock issuances and dividends. Permabilt Corporation was incorporated on January 1, 2003, and issued the following stock, for cash:
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