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There have been significant discussions on the government's fiscal policy during the Great Recession. In particular, many did not like the government's actions in salvaging the auto industry in providing guaranteed loans to GM and Chrysler. What is your opinion? Provide economic reasons for your opinion.
Suppose Jilbo can make 18 flower pots or 2 coffee mugs per day. Her cousin Jimbo can make 10 flower pots or 6 coffee mugs per day. What is the opportunity cost for Jilbo of producing 1 flower pot? of 18 flower pots? What is the opportunity cost for ..
An economy starts with $10,000 in currency. All of this currency is deposited into a single bank. The required reserve ratio is 20 percent.
Assume an economy with a total population equal to 1. Individuals can only be employed or unemployed. Suppose this economy's steady-state unemployment rate is 5%. We know that workers can lose their jobs and become unemployed with probability 4%. Wha..
The U.S. continues to experience a relatively high level of unemployment in its workforce. When analyzing a two-good production possibilities curve (PPC), where would you expect to find a point that reflects this unemployment?
The Fed attempts to increase the money supply to stimulate the economy, but plants are operating at 65 percent of their capacities and businesses are pessimistic about the future.
Lifecycle models base on the assumption that households want to maximize their consumption and at the same time insure themselves against income shocks. Are there other arguments that can reconcile the empirical observation of consumption dispersion ..
In your opinion, have these measures been effective or ineffective in addressing the major concern or concerns of the business cycle?
To examine some of the causes of differences in income, and to describe and analyze some of the government policies that attempt to reduce poverty. To show how the Social Security program is designed, how it developed from an insurance program to a t..
In perfect competition, if one firm raises its price,
what about Bill Maxwell article
Evaluate the role played by Howard Schultz in the growth and success of Starbucks. Is the company in danger of relying too heavily on Mr. Schultz?
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
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