Policymakers should have a detailed knowledge

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Q1. Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge

Q2. Draw a wage schooling locus for someone for whom returns to schooling decrease through college but increase after college and its related marginal rate of return to schooling

Q3. Q1. Assume the government cuts taxes to keep the economy's full-employment budget in balance when the economy is expanding. The government is engaging in a (n).

Reference no: EM1317892

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Policymakers should have a detailed knowledge : Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.

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