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Income inequality and immigration are two major important issues facing the United States economy and have long been debated across the political spectrum. What are some of the important questions related to income inequality and immigration? What are the determinants of income inequality and immigration? How have the income inequality and immigration changed over time in the United States? What is the impact of immigration on the income distribution of the United States?
Suppose that a less developed country known as LDC encourages direct foreign investment
Consider a price ceiling imposed on a monopoly that is set below competitive price. Make a diagram showing the monopoly equilibrium in this case.
Explain the differences among the long run and short run aggregate supply curves. Consider these differences and explain how an expansionary gap occurs.
Elucidate the difference among the statement "the money supply is fixed" and the statement "the money supply is exogenous".
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Firms supply. Credit Check, Inc., offers credit checking services to credit card companies and retailers. What is the minimum price necessary for the firm to supply one thousand credit checks?
For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
Discuss John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist.
Give a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.
Illustrate what should the Fed do in inflation continues to fall and eventually starts to become deflation.
Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.
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