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Budget lines before and after inflation and income increase
Inflation increases the prices of all goods by 20%. At the same time, Ina's income increases from $50,000 to $55,000.Compare the situation after both of these changes have happened with the situation before any of these changes have happened.
a. After these changes, has Ina's budget line become steeper, less steep, or equally as steep compared to before?
b. After these changes, has Ina's budget line shifted outward, inward, or not at all, compared to before?
Compare and contrast the strengths and weaknesses of today's Federal Reserve operating procedures and monetary decision making policy.
Elucidate action did the FOMC take, if any, as per the level of the fed funds rate. Why did it make this choice
Elucidate the policy which change, you would recommend also how this change would be financed.
Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Illustrate what is the own price elasticity for ATM fees charged to non-customers.
What are primarily intended to address the problem of insuring people who do not have health insurance? Would a public national health insurance system reduce total spending on health care in our economy?
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Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40.
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
Illustrate the factors comprises in making decisions about pricing tobacco products indicating which would be the most influential.
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