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What's the difference between micro-economics and macro-economics?
Because increased government spending or tax cuts cause higher government deficits, they also contribute to a rise in total planned expenditures and aggregate demand. Previously, the government operated with a balanced budget; however, recently, ther..
Elucidate what set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
The slope of a country's production possibility frontier with cloth measured on the horizontal and food measured on the vertical axis in the specific factors model is equal to (-MPLF/MPLC ; -MPLC/MPLF) and it (becomes steeper; is constant; becomes fl..
q.calculate the income elasticity of demand for product x when i 30. explain how could we categorize product x? do you
Which of the following is an important advantage of discretionary policy?
Jackie has the following utility function: Derive the equation for the marginal rate of substitution for this utility function. Solve for Jackie’s optimal consumption bundle.
A regulator plans to impose a specific tax on a previously unregulated monopolist. Before imposing the tax, they want to know what the change in quantity produced will be from such a tax. The proposed specific tax is τ = 10 and the following are the ..
What is the most likely impact on energy prices and the American Aggregate Supply from fracking? Read, "Fracking" Transforms Energy Markets in the United States, pages 530 and 531 in Money, Banking and Financial System Second Edition.
Suppose the production function for pasta is Q = 4kl. Does this cost function have increasing or decreasing returns to scale?
In cases where the MC outweigh the MB, yet there is the potential for long-term relationship, how would you handle such situations (i.e. no short-term benefit, but maybe long-term gain)? What factors would you consider and why
For each case below, please state if the person mentioned is unemployed for Frictional, Structural, or Cyclical reasons.
Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy? We run huge trade imbalances with two countries. Explain the cause of the imbalances. What is the economist's case for free trade?
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