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Assignment:
List the four parts. What are the key channels by which fiscal policy affects output in a closed versus open economy (- write down the sequence of variables by which changes in fiscal policy are transmitted to output in the economy)? Using the models studied in class, discuss what is meant by "crowding out", and how the crowding out effect works in an open economy. How does this effect differ from the way it works in a closed economy? To what extent does the efficacy of fiscal policy (i.e. in affecting output) depend on the type of exchange rate regime?
Consider the market for facemask. In the backdrop of COVID-19 pandemic, if the government imposes a sales tax on facemask, how the tax burden
Explain why an efficiency wage could help telecom companies to increase the productivity of repair techs.
In doing so, she joined a long list of accomplished lawyers who have failed to pass the notoriously difficult examination, including a former governor who required four attempts to pass and a Los Angeles mayor who gave up after four tires. In the ..
Draw a diagram to illustrate XYZ making economic losses before Deliveroo's collapse and explain the impact on XYZ if food delivery services increase
Efficiency can mean many things to many people. Even in economics, there are different types of efficiency. Here we are discussing productive efficiency. An economy is productively efficient whenever it is producing the maximum output with given t..
Why does Accounting Profit exclude all other implicit costs except the implicit cost of depreciation?
Your purchases of a product or service and consider the extent to which price changes have a minor or significant effect on the quantity you purchase.
Assume that a firm acts as a price taker. Regardless of the demand, it sells each unit of its product for $5. Assume that the rms marginal cost is given by MC = 0.2q + 3. What is the level of output q that maximizes profit?
Make a determination about the state of the economy, whether the U.S is in a recession, expansion or macroeconomic equilibrium.
What input combination should it choose to minimize its total cost given that w = r = $10? What is the total cost of producing 100 units of output?
Rank the countries according to GDP per person in the most recent year for which you collected data. List the countries with the 10 highest levels of GDP per person. Has the composition of the 10 richest countries changed since 1970?
Alfred chan decided to buy an old duplex as an investment. After looking for several months, he found a desirable duplex that could be bought for $300,000 cash. He decided that he would rent bought sides of the duplex, and determined that the tota..
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