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While many thought that 2008 fiscal stimulus plan explained in the feature on pg. 174 was a good idea, some did not. Some even think that Congress did not go far enough. In retrospect, who was right? Did the economy experience a recession in 2008 or 2009? What happened to employment during the rest of 2008? Determine some of the alternatives to a tax cut that might have been used?
Illustrate what are the major macroeconomic goals of all societies.
The demand function demand function has been estimated for Fantasy pinball machines, Based on the data listed in above, what is the point cross elasticity of demand for Fantasy pinball machines with respect to Old Chicago pinball machines
Assume that the market demand for broccoli is given by Q=1000-5P and the market supply of broccoli is given by Q=4P-80 where Q is quantity per year measured in hundreds of bushels an P is price in dollars per hundred bushels.
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
Illustrate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
Suppose that this price cut was completely responsible for its raise in revenues from 460 million yen in 1966 to 640 million yen in 1967. Compute the indicated arc elasticity of demand.
Elucidate each auto industry structure correctly. provide an analysis of market structure requirements including number of firms, uniformity of products.
Elizabeth has $35,000 in an investment account, but she wants account to increase to $100,000 in ten years without making any additional contributions to the account.
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
Explain how can this concept be applied to the activities of profit making companies and profit loosing companies or to the revenue and costs components of a firm's net profit.
As we all know, at current it is illegal for parents who want to adopt a child to pay the birth mother for, or to offer to pay for, the babies they adopt.
Early Classical economists found following diamond or water paradox perplexing: Why is water, which is so useful and so necessary, so cheap.
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