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What would be the advantages if the government eliminated all purchases that are financed by borrowing?
What would be the disadvantages if the government eliminated all purchases that are financed by borrowing?
My utility for cookies C and milk M is u(C;M) = C1=3M2=3. Every week I have wealth w = $8 to spend on cookies and milk. Last week, prices were pC = 1; pM = 1; this week there is a big sale on cookies so prices are pC = 1=2; pM = 1.
If congress and the president decide an expansionary fiscal policy is necessary, what changes should they make in government spending or taxes what changes should they make if they decide a contractionary fiscal policy is necessary
The impact of changing from a federal income tax to a federal consumption tax would be:
suppose that in a given period, 9% of the unemployed people will find jobs and 3% of employed people will lose their jobs. In the U.S, unemployment is at 8.1%, 1% of employed people will lose their job, and 19% of unemployed will find jobs.
A firm with a kinked demand curve experiences an increase fixed costs. explain how the firm's price, output and profit change.
Given the above prices, will the firm adopt a new method which involves 10 units of land, 3 of labor, 2 of capital, and 2 of entrepreneurial ability?
Illustrate a supply or demand curve shift for the following article. The price of oil fell on Monday, January 12, 2009 as the weak economy has undermined oil demand. Light, sweet crude for February delivery fell $3.24 or 7.9%, to $37.59 a barrel.
Most college students are under age 25. Give two explanations for this-one based on the benefits people of different ages are likely to receive from higher education and one based on the opportunity costs of a college education to students of diffe..
Discuss the sticky-wage model of aggregate supply, carefully identifying any assumptions made. How well does the sticky-wage model explain the observed behaviour of real wages over the business cycle?
Business if it was done by trade associations, certifications, and professional societies.
Illustrtae what does this experience suggest about the determinates of health care costs, and the long-run scope for private health insurance even with subsidy and compulsion.
Elucidate how have these policies affected the prices of the product the industry produces?
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