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Is there much research into the long term impacts of government fiscal contractions?
I have heard about 2nd generation unemployed as a result of Thatcher's policies but that is very much anecdotal. What does the literature have to say on the matter?
I have left the interpretation of government fiscal contraction open so as to capture a broad variety of policies.
There are many articles focusing on short term impacts, not so much long term impacts
Will it shift to the right or left? Where will the equilibrium be on the LRAS now? What is the correct answer here and why?
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Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Suppose an industry facing an inverse demand equation equal to P = 120-4Q faces a new pollution control law that shifts its constant marginal cost of production from C1 = 50 to C2 = 68. Compute the social costs of regulation in this industry.
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Laura has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is $250,000. Calculate the discoun..
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Explain how much difference can a logo make on two shirts which are otherwise identical. Illustrate what type of market is this.
demand for labor in China will drive up costs per worker there to $5 per hour. How does this alter the isocost and isoquant graph? d.Given these forecasts, where should you expand production?
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