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The US government decides to reduce the government budget deficit by increasing taxes and keeping government expenditures at the existing level.
What are the effects of increasing taxes in the short and medium run for the US economy? The US economy should be analysed as an open economy with flexible exchange rates. Hint: The AD relationship in the medium run is: Y = Y(M/P, EP/P*, G, T)
The Department of Public Works also Highways (DPWH) is considering the construction of a new highway through a scenic rural area.
Since there is free mobility of resources, the perfect competitor can freely move in and our of a given perfectly competitive market. Economic profit involves explicit costs, while accounting profits involve implicit costs. The demand which a monopol..
If a firm is losses money, it might be enhanced to stay in business in the short run. Is this statement ever true.
Shen and Rosa are building their portfolios. Shen purchases shares in a mutual fund and pays fees to a manager who actively manages the mutual fund's portfolio. He does so because he believes that hte manager can identify inexpensive stocks that will..
A petroleum engineer estimates that the present production of 400,000 barrels of oil during this year from a group of 10 wells will decrease at the rate of 15% per year for years 2 through 10. Oil is estimated to be worth $25 per barrel. If the inter..
Include in milestones areas identified as risk, as well as where project might be falling behind vs on track. Use colour coding of milestone to indicate this with a legend depicting meaning of colours.
Complete the columns for to conclude the profit maximizing output for this firm. Draw the relevant graph to show the profit maximizing output.
Suppose you own a specialized auto parts manufacturer. You purchase and have installed a new machine to make a particular type of part. The price of the machine plus installation is $300,000. If you have already purchased the machine, should you go a..
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
the economic analysis of legal concepts such as property law contracts torts the legal process crime and punishment.
Is technology the critical driver of globalization? What is the nature of this argument conceived by: liberalism, mercantilism, and Marxism?
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
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