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Compare the traditional view versus the view of Ricardian equivalence of the effects of a debt-financed tax cut on: i. national saving; ii. current consumption; iii. the real interest rate.
What is Ricardian equivalence? Mention and explain three reasons why Ricardian equivalence might not correctly describe an economy.
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding.
Discuss the individual firm's Marginal Cost, Averaged Cost and Average Variable Cost functions, and use this to calculate industry supply.
Illustrate what do you conclude about the ability of these indexes to measure changes in real income.
Illustrate output quota q1 would the typical firm have to be limited. Explain how much would it like to produce.
If the government raises your marginal income tax rates and uses the money in a way that does not affect you in any way.
Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.
How might you construct a measure of the change in the price level. Illustrate what additional information might you need to construct your measure.
Elucidate Adam Smith in The Wealth of Nations asserted that the pursuit of self-interest by competitive firms promoted the interests of society.
Illustrate what is the effect on the marketplace for an hour of babysitting services in Middling today, during this increased birthrate.
Illustrate what does the term intellectual Property encompass also why are companies so concerned about protecting it
Explain the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
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