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What is crowding out? What would be a hypothetical numerical example to show the difference between complete crowding out and incomplete crowding out. how does completeand incomplete crowding out could impact the effectiveness of fiscal policy.
Discuss what is meant by demand-side fiscal policy and supply-side fiscal policy. When the economy enters a recessionary gap, state how the government would use a demand side fiscal policy and how the government would use a supply side fiscal poli..
How does the role of the government affect each market structure's ability to price their products? How does international trade affect each market structure?
Assume a two-country world containing country A (whose currency is the dollar) and country B (whose currency is the peso). In this context, and using relevant graphs, explain how a depreciation of the dollar against the peso (for example, a 10% depre..
How much is the Kingston Labour Force? Find the top five industries hiring lar gest labour force. Also find the same details for Ottawa or Toronto. Describe the difference.
Illustrate what is the short-run equilibrium real GDP and price level. Does Japan have an inflationary gap or a recessionary gap and what is its magnitude.
PepsiCo produces both a cola and a major brand of potato chips. Coca-Cola produces only drinks. When might it make sense for PepsiCo to divest its potato chip.
What is the term for a table that shows the relationship between the price of a good and the quantity demanded?
What do you think branded products usually are of higher quality than generic products and therefore justify their higher prices.
In October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4%.
What is the difference between a movement along and a shift of the demand curve? What is the effect on the equilibrium price and quantity that results from an increase in demand, supply, and both? Provide examples for each instance. What is the ro..
a. Calculate the effective rate of protection if there is no duty on steel imports. b. Calculate the effective rate of protection if the importing country imposes a 20% tariff on steel imports. c. Suppose it also takes $4000 worth of copper (besides..
In this respect, the long-run market supply curve differs from the short-run market supply curve, which, in a constant-cost industry, will equal the horizontal sum of individual firms' short-run supply curves. Why does the derivation of the long-r..
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