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If the actual budget deficit is $100 billion, the economy is operating $250 billion above its potential, and the marginal tax rate is 20 percent, what are the structural deficit and the cyclical deficit?
A muffin stand lets consumers choose among a menu of three pricing options: (a) a monthly subscription fee of $200 and a price per muffin of $4; (b) a monthly subscription fee of $300 and a price per muffin of $3; or (c) a monthly subscription fee of..
Illustrate what price also quantity would prevail after the imposition of the tax
How is the growth of the labor force helping to prevent inflation? support the answer with a graph. What would happen if aggregate demand continued to expand but the growth of the labor force slowed? how would this situation be depicted graphically?
The Heckscher-Ohlin model assumes that there are two countries, each of which produces two goods (say manufactures and agriculture) using labor and capital. Which of the following is an additional assumption of the Heckscher-Ohlin model?
Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text). Select an economic phenomenon and determine which of the models d..
Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? Does..
problem set one1-price-elasticity of
q. a firm in a purely competitive business is currently producing a 1000 unitday at a total cost of 450. if the firm
Please plot the following aggregate demand curves from the following equations: Please plot both curves to scale.
can you provide an example of a real life monopoly domestically and state how that monopoly is good for our society? Do government barriers to entry foster the longevity of monopolies in the United States?
Mike finds a Coke machine in an abandoned part of town and is extremely thirsty. The Coke machine requires exact change - two quarters and a dime. No other combination of coins will make anything come out of the machine. Draw a graph that illustrates..
You are required to analyse the strategy of a firm of your choice. You need to pick a firm and identify the strategy that the firm uses to compete with its rivals. It is important that you conduct an industrial or environmental analysis, before you u..
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