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The dynamic aggregate demand curve will shift to the right if there is a:
A) tax cut.
B) cut in government spending.
C) decrease in the money supply.
D) cut in oil prices when the cartel falls apart.
What must saving rate be in initial steady state. What is marginal product of capital in initial steady state. Suppose that public policy rises saving rate so that economy reaches Golden Rule level of capital.
Suppose you are faced with demand P=10-.2Q and your current production (supply) is 10. What price should you charge to sell all your product? (Show your work)
Consider the following statement by Charles Wheelan, author of the Naked Economist: “The problem with Asian sweatshops is that there are not enough of them.” How is Wheelan’s statement illustrative of fundamental economic concepts?
What changes did Sanger describe in married relations in recent generations? What changes did Sanger hope would come about if unplanned pregnancies could be prevented? Do debates concerning birth control and unplanned pregnancies still occur in the U..
Assume that a monopoly has the following inverse demand curve: P=80-5Q. The firm's total cost function is TC=20+10Q. At what output is the firm's total revenue maximized?
A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willing to supply 1,100 bagels. Using the midpoint method, the price elasticity of supply for bagels.
If you'd asked anyone few years ago what is the safest long-term investment, the answer would have been real estate, unequivocally. The housing boom of early 2000's has fueled the growth of many career in real estate, from appraisers and real estate ..
What aspects of Winthrop's views on limited government are confirmed by what takes place in the documentary? (Consider the need for a Bill of Rights, centralized government becoming too tyrannical, the benefits of local government/law enforcement, et..
Suppose the impact on the interest rate of a $3 increase in government spending can be eliminated by a $1 increase in the money supply. If "the" multiplier is 4 and the income multiplier with respect to the money supply is 3, what mix of monetary and..
Which type of unemployment is most likely to fall as a result of government policies that stimulate aggregate demand? The natural rate of unemployment never changes. Changing the discount rate is a tool of fiscal policy. Government demand-management ..
You have a gross income of $12029 in 2014. You filing status is single. You do not itemize deductions and you are allowed 1 exemption. What is your federal tax bill, assuming no phaseout of personal exemptions based on income?
What is his budget constraint in terms of Consumption and Hours Worked. Draw his budget constraint on diagram. Now draw several indifference curves and indicate utility maximizing level of Hours worked and Consumption.
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