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Does a minimum wage above equilibrium cause unemployment in certain jobs or does a minimum wage narrow the range of wages available in the market by pushing up the equilibrium wage? Explain your view
Describe the Malthusian projection about limits on economic growth, and discuss what factors have proven him wrong (if you think he was wrong). Or, if you think his predictions are still valuable, discuss what limiting factors, particularly demograph..
Suppose a government lives for two periods. It makes an exogenous amount of government expenditures each period. These have nominal value P1G1 = 100 and P2G2 = 50. It also charges households a lump sum tax, Tt each period. Write down the government’s..
Problem associated with third video: demand with perfect complements. Graph her budget set with dozens of hamburgers in the x axis and dozens of buns in the y axis.What is the slope of the budget line? Give an interpretation for this number. Tiring o..
If the increase in the money supply as being analogous to giving people more money. If the output of goods and services is not growing at a similar rate, inflation will eventually occur. According to PPP Theory, what will happen to the U.S. dollar? W..
Illustrate what are the pros and cons of using expansionary and contractionary fiscal policy tools under the following scenarios: depression, recession, and robust economic growth.
For each of the following, use the concept of revealed preferences to rank the two bundles of goods. If you cannot rank them, explain why. The price of 3 Brooks Brothers suits is $3000. The price of one Anderson and Sheppard suit is $5000. Bruce choo..
Explain how is the activity reflected on the balance on current ccount different from the activity reflected on the capital.
directly to patients, who then would be free to choose their health care providers. Whether or not you agree, can you give an economic rationale for this approach to governmental health care funding?
the participation rate 60 percent, 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
Illustrate what is the equilibrium cost of a car stereo also illustrate what is the equilibrium quantity of car stereos per day.
Assume a perfectly competitive firm is producing a level of output at which MR
Antitrust act that bans anticompetitive mergers that occur as a result of one company acquiring the physical assets of another company.
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