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If the government announces a big tax cut, which of the following combinations of events would be most likely to occur?
a) An upward shift of the aggregate expenditure line (Keynesian AD), a rightward shift in the money demand curve, and a rightward shift of the aggregate demand curve (the AS/AD)
b) A downward shift of the aggregate expenditure line, a leftward shift in the money demand curve, and a leftward shift of the aggregate demand curve
c) An upward shift of the aggregate expenditure line, a leftward shift in the money demand curve, and a rightward shift of the aggregate demand curve
d) A downward shift of the aggregate expenditure line, a rightward shift in the money demand curve, and a rightward shift of the aggregate demand curve
assignment research two periods in history one where the united states experienced an increase in inflation and the
Economists often argue that wage rates reflect productivity. Yet, the wages of house painters have increased nearly as rapidly as the national average, even though these workers use approximately the same production methods as they did 50 years ago.
my neighborsare college students who sometimes have late-night parties. assume that the nuisance cost of these parties
GDP per worker rose 4% last year. The labor force grew by 2.2%, employment rose by 1.9%, the stock of capital expanded by 4.8%, and the share of capital income in GDP was 35%. Compute the growth of total factor productivity. Show any workin..
Assuming that all other factors remain unchanged, determine how a firm's breakeven point is affected by each of the following: A. The firm finds it necessary to reduce the price per unit because of increased foreign competition.
The assumption that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. Will this effect the calculation of nominal gdp?
Use a production possibilities frontier graph to illustrate the trade-off to an economy between producing consumption goods and producing capital goods.
determine the ethical implications of businesses polluting in a third world country. explain your rationale. 2. suggest
southwest airlines is by far the low cost carrier on the sacramento to los angeles air travel route. their marginal
a monopolist faces a demand curve given byp 105 - 3q where p is the price of the good and q is the quantity demanded.
marginal propensity 0.63 - 0.76what is expenditure multiplier?wil increase from to and if multiplier increases
explain several dimensions of the shareholder-principal conflict with manageragents known as the principal-agent
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