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1. What are some difficulties with fiscal policy approach? (Budget deficit, crowding out, time lags) Explain.
2. How an expansionary monetary policy can help fiscal policy in stimulating the economy? Explain.
Because products are typically differentiated in some way, there tends to be significant advertising in monopolistically competitive industries. How does advertising affect a typical firm in a monopolistically competitive industry?
Who of the following is not in the Bureau of Labor Statistics' "employed" category?
q1. choose a real-life example of a firm that you think is part of an oligopoly market and describe the characteristics
what is the consumption function b. what is the equation of the AE curve c. calculate equilibrium expenditure
What are the equilibrium price and quantity in this market? At the market equilibrium, what is the price elasticity of demand and the income elasticity of demand?
William owns just one ship. Ship is worth 200 million dollars. The probability the sink will ship is .02. His total wealth including the value of the ship is 225 million. U(W) is equal to the squre root of W. What is the maximum amount that william w..
Grandparents decided to start a college fund for their soon to be born granddaughter. They plan to make third first deposit the day she is born and plan to make the last deposit on her 10th birthday. They want the child to be able to withdraw 10,000 ..
Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2010.
Patrice owns a travel agency. Her accountant most likely includes which of the following costs on her financial statements?
When on leave, workers receive 55% of their normal paya. Illustrate what are the likely responses on the demand (employer) side of the market.
American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that each country has 100 million work..
Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive. What are the justifications given in favor of more government involvement in the market econ..
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