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"Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices?"
Describe why the understatement of inventory by 66,000 at then end of 2004 results in an understatement of equity by same amount in that year.
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Discuss the advantages and disadvantages of adjustable-rate versus fixed-rate mortgages?
If resources available for human consumption were out of limit, there would be no need for a subject field such as economics. Why do I say this?
In an expansionary fiscal policy to overcome current recession, the Federal Government increases its expending to improve the nation's physical infrastructure
The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. The total cost function (including opportunity or i..
Explain how the two economies respond differently to a boom and to a slump. What are some factors that might influence the slope of the Phillips curve? Do you think the slope of the Phillips curve has changed over time in the U.S. economy? Consider..
Write down the relationship between savings, capital formation, and consumption.
Discuss the role of the Federal Open Market Committee in conducting monetary policy.
Utilizing an AD-AS diagram suppose that the economy is initially at potential output
A mathematically fair bet is one in which amount won will on average equal the amount bet,for example, when a gambler bets say, $100 for a 10% chance to win $1000
Problem on standard deviation
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