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WASHINGTON-Less than one month after President Obama took office, Congress last night passed his flagship proposal, an unprecedented collection of tax cuts and new spending that Democrats say offers the country its best hope to stave off an impending depression.
After a frenzied month of legislating, the House and Senate produced an economic stimulus bill estimated yesterday to cost $787 billion, with $281 billion in new tax cuts and the remainder in one-time spending on infrastructure investments, expanded unemployment benefits, and other programs.
It passed both chambers on a largely party-line vote, winning the support of no Republicans in the House and three in the Senate.
Assuming an MPC of 0.75, how much of a cumulative impact on spending could be expected from President Obama's (a) Increase in government spending?
(b)tax cuts?
Explain the differences between exporting firms, and import-competing firms and list any five entry costs that are borne by most exporting firms.
The manager of a paper mill is making for her most important test yet. On Tuesday morning, she must testify before a senate committee to justify company's high value.
Its the spring of 2002. You are an economist on President Bush's council of economic advisors. Congress is considering legislation, called the "2002 Farm Bill," that would increase subsidies to US farmers.
Stiglitz also argues that the IMF as another agenda besides its stated agenda of promoting stability and growth in LDCs. What does he mean by this? What, according to Stiglitz is the IMF's other agenda?
Evaluate alternative propositions for economic choice by one or more individuals, firms, organizations, or governments applying one or more of the economic theories provided in the course.
In the two years prior to its merger with Nextel, Sprint Company cut approximately 2,000 workers. In addition, Sprint outsourced nearly 90 percent of its Information Technology functions from within the company to lower cost countries outside the US.
Assume that nominal interest rate on 3-month Treasury bills is 8 percent in the United States and 6 percent in the U.K., and the rate of inflation is 10% in the United States and 4% in the U.K.
Think the problem of maximizing u(c,l) subject to pc + wl = w + y, where c is consumption, l (element of (0,1)) is leisure time, and y is non-wage income.
As an international economist you have been tasked to make a short speech which answers the given questions:
Evaluate the organisation's strategies: first for international entry, then for organising and structuring its global operations, and finally for maintaining competitive advantage in the face of new challenges and changing conditions.
Presidents, senators and members of congress came from a different backgrounds but all must decide upon a great many issues that involve macroeconomics.
Suppose two open economies A and B. In this economy only one good is manufactured for time t = 0 and price P(0,A)=1 Dollar and P(0,B) = 1,5 Euro.
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