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Suppose that survey measures of consumer confidence indicates a wave of pessimism is sweeping the country. If policymakers do nothing, what will happen to aggregate demand? What should the Fed do if it wants to stabilize aggregate demand? If the Fed does nothing, what might Congress do to stabilize aggregate demand?
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
With economic development comes each of the following, except;
Select one of the following schools of economic thought: Keynesian, Chicago, and Austrian. Identify three keys points or beliefs that are held by that particular school. What are the macroeconomic policy implications of those beliefs? Explain your an..
The smith company made and sold 10,000 metal tables last year. When output was between 5,000 and 10,000 tables, its average variable cost was $24. In this output range, each table contributed 60% of its revenue to fixed cost and profit.
elucidate explain why the cost structure associated with many kinds of information goods also services might imply a
Suppose the Quick Towing Company purchases a new tow truck. The old truck had a book value of $1,000 and was sold for $1,420. If Quick Towing is in the 34 percent marginal tax bracket, what is the tax liability on the sale of the truck? What is the a..
Let's say our government runs an advertising campaign, encouraging its citizens to reduce spending money on consumer items, and instead save more money. How does this affect economic activity?
Explain how executive privilege has been used by presidents throughout the history of the US?
Utility producing firms often practice second degree price discrimination. How might this help consumer welfare?
Why does the government grant patents to investors? Why does the government give monopoly power to utility companies?
Income from cardboard recycling at Fort Bliss has been increasing at a constant rate of $800 in each of the last 4 years. If this year's income (i.e., end of year 1) is expected to be $4000 and the income trend continues through year 6, (a) what will..
The demand for a monopolist's output is 2,000 / (p+1)2 where p is the price she charges. At a price of 3, the elasticity of demand for the monopolist's output is:
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