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What is the MULTIPLIER effect? How does it work? remember that we’re talking about the spending multiplier here, not the money multiplier that operates on the money and banking side of the economy)
Monetary policy is clearly superior to fiscal policy in that it suffers less from..
A negative externality is? Which of the following assertions about pollution is generally agreed with by economists? Pollution problems generally represent. Legal constraints will always reduce the size of the economic pie.
You have been asked by your supervisor to estimate the cumulative time remaining required to complete a production run from Unit 50 to 500. Determine the time required to complete the remaining production run (50 to 500)
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
Pete’s Pie Shop is a perfectly competitive firm. If the total output of pies in Pete’s Pie Shop increases from 20 per hour to 30 per hour as he hires the second worker, then. Every time Pete makes another pie in his shop, he uses $1.20 worth of pastr..
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
q1. studies have fixed the short-run price elasticity for gasoline at the pump at -.20. suppose that international
A construction site uses two types of workers – skilled (S) and unskilled (U). They produce feet of new pavement (Q) per day according to the production function Q = 100S -5S2 + 50U – 5U2 Skilled workers are paid $200 per day, while unskilled workers..
Define the concept of an externality. Why will unregulated market systems not allocate resources efficiently where externalities are present? Draw a diagram to illustrate the over allocation of resources to a market characterized by negative external..
The notion of rent controls can be somewhat controversial. What is the economic rationale for a city to enact rent controls? What are a few unintended consequences of rent controls in large cities? Be specific.
What are the implications for international business of differences in the dominant religion, social structure, and educational systems of a country? How do religion, social structure, and education combine to form a system that defines the culture o..
What could the FED ( Federal reserve system) do in 2002-2003 in order to bring the economy back to full-employment ? What did the FED actually do ? Explain in detail
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