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Assume that equilibrium output is $10 billion while potential output is $20 billion. If the marginal propensity to consume is 0.8, which of the following recommendations would a Keynesian economist recommend?
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Local ordinances govern issues such as which of these?
Suppose there is an increase in the price of steel. We would expect the supply curve for steel beams to:
If government industry regulators underestimate the degree of competition in an industry are they likely to over-regulate the industry? Explain.
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
In the short run, if average variable cost is increasing as the quantity of output produced increases, which of the following must be true?
A garbage disposal company purchased a refuse truck on Feb. 2, 2113, at a cost of $72,000' The truck has a useful life of 8 years with an estimated salvage vale of $17,000. The straight line method is used for book purposes. For tax purposes, the tru..
In what type of situations would you recommend the use of WDS and in which you would not Provide an example of each type of situation.
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
Economists have often found that purchasing power parity gives a closer approximation to reality during periods of very high inflation than during "normal" times. can you provide an explanation for why this might be so?
Traditionally, taxi drivers were only paid by the mile. A couple of decades ago, Yellow cab experimented with paying the same per mile rate plus a fixed fee every time a customer got in the cab. How does this change driver behavior?
q1. suppose that abel builds a factory next to bakers farm and air pollution from the factory harms bakers crops. is
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