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Explain how the prices of factors of production can affect the supply of goods/services.
In "The Consequences of Mr. Keynes," James Buchanan and Richard Wagner argue that the "unwritten fiscal constitution" of an annual government balanced budget helped restrain the growth in government, but the Keynesian argument for a balanced budge..
Discuss the rationale for government regulation of firms with market power. Is regulation in the consumer’s interest or in the producer’s interest and how might this control special interest groups?
Miller, R.L. (2012). Economics Today, 16ed. Addison-Wesley. p. 295. In today's economy what fiscal policies would you implement? Right now our economy is in a recession, as a Keynesain Economist, how would youl manipulate fiscal policy to improve ..
Explain elasticity of demand. Please present a simple example of this property.
Define tax multiplier MT ≡ ?Y∗/?T and government expenditure multiplier MG ≡ ?Y∗/?G (in calculus terms, MT = ∂Y∗/∂T and MG = ∂Y∗/∂G)
Suppose that a group of physicians establishes a joint practice in a remote area. This group provides the only health care available to people in the local community,
What were the major forces behind urban growth in early United States history? What influence did urban growth have on urban concentration and population density?
mike patrik, a recent ME graduate from MIT, expects to take out a loan to purchase an SUV for $30,000 with a down payment of $10,000. The loan she takes out requires her to pay monthly installments of $400 for 4 years. What is the effective annua..
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what managerial actions can cause workplace conflict.
Are the following workers more likely to experience short-term orlong-term unemployment and explain:
What is the argument against attempting to balance the Federal Government budget rapidly at the present time via either deep cuts in Federal Government spending or sharp increases in federal income tax rates?
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