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1. Virtually all economists and policy makers agree that, within limits, higher employment is better. If this is true, couldn't the government create more employment by hiring people to dig holes and fill them in again? Is this good economic policy?
2. Under what circumstances will inflation help borrowers at the expense of lenders? Under what circumstances will both parties be unaffected? Which scenario would you expect in the long run?
3. How does the self-correcting mechanism act to pull the economy out of a recession?
4. Create a LOOOOONG 'tweet' type essay to the President elect with your best single idea to create a dynamic and healthy economy in the US.
Your local fast food chain with two dozen stores uses the company’s internal corporate marketing department to produce signage, print ads, in-store displays, and so forth. When placing an order, store managers are assessed a chargeback (transfer pric..
Spalding Doughnuts wants to know about its waiting line. Currently, Spalding Doughnuts uses a single-server, single-phase system when serving customers. What is the average number of customers waiting in line? What is the probability of having more t..
Based on what you have learned about the relationship between TR and elasticity of demand, explain how an airline might take advantage of this information in order to maximize its profits?
Write a formula which describes the marginal product of labour in the short run as a function of the amount of labour used.
Suppose you had one of the three winning tickets in last week’s Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual instalments using an interest rate o..
Consider a price-taking firm with production function y=4·x^(1/2). And the input price of x is $8 per unit. The market inverse demand is p=90-y. Write down the firm’s cost function. Derive the firm’s supply function. Find the market equilibrium, such..
Describe in 100 words or less the condition of “full employment” and explain why, even under the conditions of full employment, there is still a percentage of the labor force who are not working.
Why, according to Keynes, is an economy in recession and why can such a recession be prolonged? Illustrate and discuss
Why do members of the House and Senate follow complex, arcane rules and precedents in processing legislation even when such devices keep majorities from getting their way?
Illustrate which of the following tax systems could NOT be structured to satisfy conditions of vertical equity.
What is the standard deviation for the class? b. What percentile did you score in?
A local ice cream shop in a beautiful Miami beach realizes that its ice cream sales go up along with the number of shark attacks. Assume you are the owner of the shop and you realize that shark attack can be an excellent predictor of ice cream sales ..
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