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Q1. Assume which Parliament passes a law to permanently cut taxes starting the next year. Assuming which consumers are not Ricardian, when would consumers adjust their consumption spending according to:
a. The Keynesian consumption function?
b. The Fisher two-period model with binding borrowing constraints?
c. The random-walk hypothesis (the permanent-income hypothesis with rational expectations) with no binding borrowing constraint?
Q2. Knowing the current state of the economy, Illustrate effect, if any, do you think fiscal policy had on the changes to these line item spending amounts? Explicate in 2 paragraphs, cite your source.
A manufacturer has been selling 1600 television sets a week at 370 dollars each. A market survey indicates that for each 36 dollars rebate offered to the buyer, the number of sets sold will increase by 60 per week. Find out the demand function.
the standard product of labor is 6 flutes per day also the marginal product of labor is 8 flutes per day.
Illustrate the way in which market forces shape the organizational responses using a range of examples.
Assume the full- unemployment rate is 5% . What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use
If you were to learn that gatorade introduced new favors in 2010, how should that information affect your calculation to the inflation rate.
q.consider a mutual fund with 720 million in assets at the start of the year and with 10 million shares outstanding.
q. there are three major network affiliate television stations in hicksville rbc cbc and mbc. all three stations have
illustrate what is james opportunity cost of producing chickens which person has an absolute advantage in which activities which person has a comparative.
Hypothesize the basic short-run also long-run behaviors of the model in the industry you have chosen in a "marketplace economy."
q1. pick a society and time in history you would consider that the vast majority were doing very well economically.
q.illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born
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