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In 2009, Congress and the president enacted "cash for clunkers" legislation that paid up to $4,500 to people buying new cars if they traded in an older, low-gas-mileage car. Was this legislation an example of fiscal policy? Does your answer depend on what goals Congress and the president had in mind when they enacted the legislation?
What is the lowest price that Pat would accept for the firm?
An economy is facing the inflationary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real..
Is demand for courses at the universities that did not increase their fees elastic or inelastic with respect to universities that did increase their fees? What is the importance of this degree of elasticity?
IQ scores are normally distributed and assume that the average IQ for all Economics majors is 108 with a standard deviation of 11. what percentage of Economics majors would have an IQ of more than 118.
It it the legitimate and necessary role of the federal government or the Federal Reserve System to provide "fiscal stimulus"? Under what Constitutional authority? If so, when should stimulus be provided, and how should we determine the size of the st..
Provides a detailed and well-supported explanation of the justification for natural monopolies according to economic theory.
Cultural determinants about this country would be most important to you as you reach a decision about whether or not to do business in this country.
Contrast the Seattle per-can pricing program with Perkasie's bag-and-tag approach, both from an environmental and an economic perspective.
Consider the difference between the New Classical and Keynesian model regarding macro policy. What is the driving force creating growth in the economy in each model Why does each one say that item creates growth Explain
Discuss informally what you would expect to see in a model of the housing market like the one presented in class, but in which people form expecta- tions of future house price changes by extrapolating from price changes in the recent past.
The Macroeconomic Paper tests your ability to apply economic principles to a business decision considering the impact of macroeconomic variables.
The Circular Flow Model provides a snapshot of our economy. Describe how households and businesses slowed down the circular flows of money, goods, and services during the recent economic slump.
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