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Why did the government operate with such a large budget deficit in late 2009 and 2010? Conduct research and report some plausible reasons for the budget deficit during this period.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
A volunteer fire department anticipates purchasing a fire truck in 3 years. Today it will cost $625,000 but the cost is increasing to 4% per year. Find the semi annual payments needed to accumulate funds to purchase the truck if funds earn 6% compoun..
The Family and Medical Leave Act of 1993 (FMLA) guaranteed maternity leave to many working women across the U.S. However, the law only applied to firms with 50-or-more employees; employees of smaller firms were not covered by the FMLA. Suppose that p..
Which of the following is likely to upset the prediction of the purchasing power parity theorem?
The Fed has decided that a slow rise in the Federal funds rate is likely the correct approach to balancing risks of holding inflation to around 2% per year while maintaining enough growth in GDP and labor markets to achieve and stay at full employmen..
Multi-Part Pricing: In the town of Oz, there are two types of tennis players: wizards and imps. Wizards and imps do not socialize, so it would be impossible to start a tennis club that both types would join. Which clientele would you like to attract ..
Dogswell's marketing plans were ambitious, but were not working. What is their primary problem? Would money from the new investors solve the problem? What other options do they have? What do you recommend Giannini do to save the company?
Consider following claim: price of gasoline has doubled and corresponding change in demand gravely hurt those who have long commutes to work. As a student of economics what do you find correct and what incorrect in this claim.
compute the breackeven output quantities for each alternative. What is the difference between movements along IS and LM curves and shifts of the entire curves.
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
(a) In monopolistically competitive industries, economic profits are competed away in the long run; hence, there is no valid reason to criticize the performance
Which of the following stands true of corruption?
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