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Paul Krugman is a Nobel-Prize winning economist (the Nobel Prize part means he's a really smart guy). During the Great Recession of 2008-2010, he suggested that the U.S. government should convince people that the world is in danger of attack from space aliens. Krugman even suggested that scientists get together to create a lie that such an attack is about to happen. (Krugman was sort of joking here to make a larger point.) Krugman claimed that the fear of alien invasion would have sped up our recovery from the so-called Great Recession.
How would this plan accomplish its goal? Do you think fear of and preparation for an alien invasion would be Good for the economy? Explain why or why not.
What is Country As GDP - what is the composition of GDP by percentage and what is the GDP per capita?
PC and QC are the equilibrium price and quantity if the firm behaves competitively, and PM and QM are the equilibrium price and quantity if the firm is a simple monopoly. how much is surplus is lost (deadweight loss) when there is a monopoly
Why is it important for an economist to fully understand the way firms and capital markets function?
Evaluate how different budget approaches impact the development, implementation, and justification of existing and new programs.
Republicans and Democrats trying to make an agreement over raising the debt ceiling of the country can be looked at like a game of chicken.
Compute the following probabilities.
Refer to the information above. Which of the following represents the steady state growth rate of output per worker in this economy?
What are the basic objectives of monetary policy? Comment on the cause-effect chain through which monetary policy is made effective. What are the major strengths of monetary policy?
An excavator is preparing to dig a basement for a new house. Part of his contract reads that he must dispose of all the dirt
What does it mean for a country to be in economic recession.
Write the Java file to define a class named Account. This class will be used to track auser account for a members only website.Think about what attributes are needed.
Why do you calculate percent error using the percent composition of water and not the moles of water in the hydrate formula?
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