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A nation in recession reduces the both the personal and business marginal tax rates. What is the likely short-term effect on government deficit (or surplus), aggregate supply, aggregate demand, and GDP price index?
Jones Auto Sales calculates its “4%” ?nancing as follows. If $3600 is borrowed to be repaid over a 3-year period, the interest charge is ($3600)(0.04)(3 years) = $432. What effective annual interest rate is being charged?
Discuss the major causes of global warming, the expected effects providing an indication of which effects are likely to be the most important economically, and identify the greatest uncertainties surrounding global warming.
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
q.smith and jones are stranded on a desert island. each has in his possession some slices of ham h and cheese c. smith
Bahrainia is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries. Total spending for the federal government of Bahrainia for the last fiscal year was 24.2 bi..
Explain the difference between fixed and floating exchange rates. The answer must be explain the concepts as if your explaining it to a person who have no knownlege with the subject.
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case.
Agricultural markets are often cited as exhibiting the characteristics of the perfect competition market structure. Does farming fit this model?
Peter and Paul are the only two producers of gizmos. They know that if they cooperated and produced fewer gizmos, they could raise the price of their product. If they work independently, they will each earn $75. what should Peter do and why? What is ..
How do your previous answers change in the special case where cash demand does not depend on the expected rate of inflation
Assuming the market equilibrium price for wheat is $5 per bushel, draw the total revenue and the marginal revenue curves for the typical wheat farmer in the same graph. Explain how marginal revenue and price are related to the total revenue curve.
Do you think that a manager's job is universal? In other words, is the concept of management the same in any organization (withstanding the obvious differences in responsibilities and duties)? If possible give examples that support your point from an..
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