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During the Great Recession, like any other economic downturns, as unemployment rises, aggregate income declines causing a major decline in tax collections. On the other hand, with the rise in unemployment, spending on safety net programs rise. So, to stabilize the national economy, government appears to have only two options (neither good) either to put in place severe austerity measures (cut spending) or increase borrowing. Of course, it is very difficult to defend cuts in the federal government programs and especially the programs geared to sustain the minimum of the standard of living for the "poor." But increase in borrowing has major adverse impacts on the national economy.
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Illustrate what are the long run equilibrium price, quantity of a single firm and the industry output. How many firms are in the market.
Tax Freedom Day answers the basic question, Illustrate what cost is the nation paying for government.
Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.
Illustrate what do your results tell you about the relative desirability of perfect competition versus monopoly in the presence of externalities.
Talk about the ramifications involved in conducting business under both/either scenario.
annual profits which estimate to be 85 million per yr for a 20 yr period. at a corporate MARR of 10% per year, Does project indicate it will make at least the MARR.
Some say which we should propose an amendment to the U.S. Constitution which would need a balancing the federal budget
The definition of a price maker is a firm with some power to set the price because the demand curve for its output slopes downward which in effect means those firms with a downward sloping demand curve have some market power.
Why would it be valuable for a business to know cross elasticity of demand for two products it produces: peanuts and popcorn.
determine either the demand for student employees by the restaurant would increase, decrease, or remain unchanged.
The players are needed to simultaneously and independently select positive numbers. Find out the Nash equilibrium of this game.
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
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