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If many states can have balanced budget laws, why has it been so difficult for the federal government to pass and/or stick to attempts to balance the federal budget? How might the very existence of balanced budget laws in some states make it difficult to ever have a federal balanced budget amendment? In your answer, be sure to refer to terms, concepts, and readings related to this topic
A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is a
q.use the classical is-lm model for two countries to analyze the idea that the united states became a relatively more
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
If an economy experiences a decrease in consumer spending, most economists believe:
Suppose that Kristen and Anna can sell all their wristbands for $1 each and all their pot holders for $5.50 each. If each of them worked 20 hours per week, how should they split their time between wristbands and pot holders? What is their maximum joi..
When talking about aggregate supply, it is necessary to
Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 12 countries to their current markets. If the agreement is reached, operations are exp..
A monopolist can produce at constant average and marginal costs of AC = MC = 5. The firm faces a market demand curve given by Q = 53 —P. The monopolist's marginal revenue curve is given by MR = 53 - 2Q. Calculate the profit-maximizing price-quantity ..
The service a homeowner performs when she Moser yard is not included in GDP because
Show the equilibrium effects on consumption and hours worked of and increase in G of this type are ambiguous but that output increases.
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