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Assignment:
What is the appropriate use of fiscal policy tools to achieve any public policy purpose? Think about Canada's federal government's Response to COVID-19, what is your general impression? Why? What should have been done differently? Why? Please make macroeconomics the foundation of your answers.
Suppose that at a price of $400, 300 tickets are demanded to fly from Ithaca to Los Angeles. Now the price rises to $600, and 280 tickets are demanded. Assuming the demand for tickets is linear, find the price elasticities at the quantity-price pair ..
Explain the difference between the population coefficient, i.e. ß(hat) and sample coefficient, i.e. ß. Also, please explain the difference between the OLS predicted Y (predicted dependent variable) and E(Y|X)
Write down demand and supply equations for wireless phones; include two exogenous variables in each equation
Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?
The following events have occurred in the history of the United States:
Will there be economic profits in the long run in a monopolistic competitive market? Explain your answer. " Firms in monopolistic competition are not producing at minimum average cost. They are said to have excess capacity." Explain the statement...
explain the neo-classical theory of trade and show the difference between this and the classical approach as wellas the
Assume that in a small open economy where full employment always prevails, national saving is 300. If domestic investment is given by I=400-20r, where r is the real interest rate in percent, what would the equilibrium interest rate be if the econo..
Suppose we draw an indifference map diagram to explore the hours of work a worker will choose to do. Which of the following will not apply to this diagram? a) The indifference curves slope downwards to the right because both income and leisure are ..
If a state imposes a beer tax that increases the price of beer by 20%, by how much will the number of highway deaths among young adults decrease?
In spite of this definition, some production is left out of GDP. Explain why some final goods and services are not included.
You are 20 years old and have completed your BBA and want to pursue further education but you don't want to take money from
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