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The political business cycle implies all of the following EXCEPT that:
a) politicians pumping up the economy in an election year make the economy less stable.
b) monetary policy is ineffective if inflation is high.
c) discretionary fiscal policy should be avoided.
d) central banks should be independent of politics.
Verify all values and quantities computed in the discussion. Now suppose that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services,
Now suppose as a result of a mandated increase in the minimum wage the wage increases to $80. What would be the implication of this change for this firm?
consider an economy in which the amount of investment is equal to the amount of savings i.e. the economy is closed to
In an annual worth calculation, the capital recovery portion consists of all the following EXCEPT: The Mean lifetime is 5900 hours and the standard deviation of the lifetime is 700 hours. What is the probability that a component will function for a t..
The dividing line between the 1 percent and the 99 percent is an annual income of ______. (LO11)
In January, the interest rate is 5 percent and firms borrow $50 billion per month for investment projects. In February, the Federal government doubles its monthly borrowing from $25 billion to $50 billion. That drives the interest rate up to 7 percen..
Make a price quantity chart for each consumer. Then add a column showing the total quantity demanded for a private good. Next show the quantity price chart showing the total demand for a public good.
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price i..
What checks and balances are required for these three levels after Americas latest mortgage meltdown?
Use the market relates to vertically integrate as:
elucidate how many units of fish could it now consume along with the 80 units of imported wheat.
If bagels and doughnuts are substitute goods, then which of the following is likely to occur if the price of bagels is reduced?
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