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Answer the following questions: Based on the text and lecture materials, along with current data, make an argument for the state of the economy. Are we in a recessionary or inflationary gap? Neither? Are we in a deep recession? Are we in a large inflationary gap? If we are in neither, what direction (recession or inflation) is the economy headed in your opinion? [Note that you may use other data, in addition to BLS and BEA data, in your argument.]
play the social security game to solve the social security problem. detail your choices noting the whys of your choices
Discuss and explain some example of supply and demand that you have observed in the real world. Be do not use the example for the questions below, use something else.
Suppose that in 2012, the following prevails in the Republic of Askil; Suppose that households consume 75% of their income and save 25% of their income.
Consider the following statement: “Because deficit reduction is costly to the economy, governments should never run budget deficits.”Do you agree with this statement? Briefly explain.
Aperson deposits$2000in a savings account. If all of the money is allowed to accumulate, how much will the person have at the end of5years, given a nominal interest rate of 6 %, compounded (a)annually? (b) quarterly? (c) monthly? (d) daily?
Elucidate the risks inherent in having the government step in to compensate for market failure.
Determine the optimum order quantity and the corresponding totalrelevant cost
it does not allow for the health of our children, the quality of their education, or the joy of their play. id does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of ou..
two indicators of economic development include gross domestic product gdp and the human development index hdi. what is
A child of a wealthy family is deciding either to work or not work also mooch off her parents. Asume that she is offered a job which pays.
Price Discrimination (PD) occurs "when a firm charges different prices to different customers for the same good". Explain under what conditions PD is possible and profitable?
1. A perfectly competitive firm: 2. The MR = MC rule can be restated for a perfectly competitive seller as P = MC because:
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