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This in in regards to the great depression not the great recession.
The Balanced Budget amendment (requiring the Federal government to balance its budget annually), sounds good... or is it? Lets look at question one and what happened during the Great Depression with the down fall of classical economics and the rise of Keynesian economics. What would happen to the United States if a Balanced Budget amendment was in force during the time frame of the Great Depression? Would it help pull the country out of the depression or would it make things worse?
Suppose the economy is in equilibrium when there is a change in environmental policy that bans all pesticides and herbicides on farmland. We would expect to observe
You take 5 balls with replacement randomly from the bag and count how many orange balls you get. What is the mean and standard deviation of this event?
Identify a scenario where two instances of suspicious intrusive activities were detected in a computer information system. The two activities might or might not be of the same type (i.e., spam, phishing, DOS, etc.).
The town finds an investor who purchases the warehouse and promises to renovate the old building and build condominiums. Is this economic growth?
Despite the regulations that protect banks from failure, some do fail. Go to Federal Deposite Insurance Corporation Webiste.
The main ideas of Keynesian economics are:
Suppose there is a fixed amount of capital K¯ = 10. Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K, L) = K^(3/5)L^(2/5). What is the elasticity of substitutio..
Suppose that as the result of the crisis in Greece, the Euro depreciates against the US dollar. Why should you care when the US dollar strengthens relative to other currencies? Describe the ways this could impact your life and that of your friends an..
If the price of good A? falls, then when the consumer makes his new? utility-maximizing choice? _______. Total utility depends on the level of consumption. The units of total utility are arbitrary. Total utility is the total benefit that a person get..
Do increases in profits increase a firm's domestic investment? What will determine the decision?
ompute the probability for a random variable X with µ=10 and s=2. Calculate P(X
Identify each of the following policies as either fiscal policy or monetary policy and explain why.
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