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According to an initial formulation of Rawls' second principle of justice, "Social and economic inequalities are to be arranged so that they are both (a) reasonably expected to be to everyone's advantage, and (b) attached to positions and offices open to all." Do you agree that social and economic inequalities are just if, and only if, they meet conditions (a) and (b)? If you agree, be sure to consider and respond to a reason why someone might disagree. If you disagree, be sure to provide at least one reason for your disagreement.
What part of the business cycle is the U. S. economy currently in? Evaluate your answer using three economic indicators. Analyze the trends and forecast the direction of the business cycle in the next six months using your economic indicators.
What is the current macroeconomic situation in the United States? What should the Fed do about it? What monetary policy tools should the Fed use to achieve the results you recommend?
Suppose the total cost of producing a given quantity of a good is given by: TC = X1/2 where TC is total cost and X is the quantity of the good. Given this information, determine whether production of the good is characterized by increasing returns to..
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public.
a) Describe the two most common types of caps in an adjustable rate mortgage.
In 2013-2014, the nation was struggling with a persistent high level of unemployment, low rates of economic growth, and high federal budget deficits. Explain how solutions to these economic problems conflict with one another. If you were economic dic..
Explain the process you would follow when selecting independent variables for a multiple linear regression model that will be used to make a forecast?
1. If there is cyclical unemployment in the economy the govern
Consider the intertemporal production economy of Chapter 11. Suppose that there is a shift in the representative consumer’s preferences. Namely, the consumer prefers, given the market real interest rate, to consume less current leisure and more curre..
The component of Planned AE (the quantity demanded of GDP) MOST sensitive to a change in interest rates is....
A firm making more than a normal profit may still be experiencing an economic loss. An inferior good is a good whose demand decreases as its prices decreases. As new firms enter a monopolistically competitive market, the demand faced by each competin..
Suppose that there is a natural order of political parties on the left-right axis: A = (a; ß; ?; d), with abeing the (most) leftist party and d the most rightis
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