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What are the major fiscal policy positions of the Republican and Democratic parties?
What do the differences between their positions mean for public policy?
assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $38 billion respectively. If the economy moves from point a to point b over a 14-year period, what must have been its annual ra..
identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinants of supply in Equation. In each instance, would equilibrium market price increas..
a nation to have commercial relations with other countries
Customer demand for gasoline changes when the price of gasoline falls.
Suppose that instead of allowing the economy to proceed from the short-run to the long-run equilibrium, the government decides to maintain Y = Y2. Would the economy remain at point B? Explain your answer.
Illustrate what happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET BUYER of government bonds.
Assume that the federal reserve wishes to keep nominal interest rate at a target level of 5 percent. Draw a money supply and demand diagram in which the current equilibrium interest rate is 5%.
Describe the output and price effects that influence the profit-maximizing decision faced by a firm in an oligopoly market. How does this differ from output and price effects in a monopoly market?
Suppose that price level is flexible both upward and downward and that Fed's policy is to keep price level from either rising or falling.
You need $50,000 cash throughout year. Your time is worth $100 per hour and it takes you a half-hour to get cash from your ATM. Your bank is paying 5% per annum passbook savings.
What is the major problems caused by a large national debt.It is does not allow small investments by private individuals or else.
Suppose that there are two stores, A and B, that sell homogenous good. Suppose that the two stores are located on the real line: store A is at 0, while store B is at 1. Derive the demand functions for the two stores
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