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Suppose that an increase in consumer confidence raises consumer expectations about their future income and thus increases the amount they want to consume today. This might be interpreted as an upward shift in the consumption function. How does this shift affect investment and the interest rate?
Suppose that instead of allowing the economy to proceed from the short-run to the long-run equilibrium, the government decides to maintain Y = Y2. Would the economy remain at point B? Explain your answer.
Explain the effects of animposition of a tax in the market for cigarettes, identifying the changes in consumer surplus, producer surplus and tax revenue.
Specifically, what would be the effects on employment and unemployment given the actions taken by the Fed? Respond to at least two of your classmates’ postings.
How does the NCTC function within the USIC? Explain. How will the NCTC integrate this threat report into the USIC and draw on intelligence resources?
Utilizing the midpoint formula, elucidate the price elasticity of demand for Coke at these prices.
how the Principle of Opportunity Cost applies to your life
Over the long-run,________is NOT a factor determining the standard of living as presented in the course
What is the steady-state growth rate of the economy? How does this answer differ from the one discussed in the text for the case in which the intermediate inputs were perishable goods?
Give two reasons to defend your chosen business cycle and identify the right fiscal policy that should be followed: contractionary or expansionary.
Modern medicine has made organ transplants a common occurrence, yet the number of organs that people want far exceeds the available supply.
What is Greta's Marginal Rate of Substitution? what kinds of goods Greta considers these to be?
Using the primary source documents on the French Revolution, explain what the concepts "the nation" and "liberty" seem to have meant in 1789.
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