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Explain what the tax multiplier is and why it is less than the expenditure multiplier.
Explain, in your own words, how an increase in investment spending generates a multiplied effect on GDP.
Explain how the accelerator and the multiplier concepts can represent an internal theory of business cycles.
Explain, in your own words, why the Aggregate Demand curve has a negative slope.
Which one of the following government actions is intended to generate positive externalities.
explain why sharp decline in oil prices might not necessarily have positive or negative impact on the US equity markets (stock market) even at the current trend of volatile oil prices
The marginal cost of servicing a skier of either type is $10. If Snow City Ski Resort (third-degree) price discriminates then the profit maximizing prices
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be leived.
Suppose that after five years consumer spending doubles to 400. Explain how much do you believe will be the budget share of leisure.
Illustrate what is the difference between the firm's short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
Illustrate what is the size of the labor force. Illustrate what is the official unemployment rate.
Illustrate how much will they have accumulated principal plus interest when they reach 65 years old. What is the moral of this situation.
Consumers are not able to resell good 1. For p
the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the average total cost.
Suppose that increased international trade makes product markets more competitivein U.S., would we expect to observe an upward slope on the WS curve or the PS curve
determine total project completion time and critical path for installing electrical wiring and equipment in residential houses. In addition, determine ES, EF, LS, LF and slack for each activity.
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