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You are the Chief Economic Advisor of the President of Dreamland. Right now the country has unemployment of 5.0 % . The country has suffered a severe recession few years ago and it is showing some signs of slow growth lately but lot of people are still out of jobs causing low aggregate demand, federal annual budget deficit is about $ 500 billion a year and a national debt of $19 trillion. Some manufacturing companies are moving out of the country in search of cheap labor and the ones at home are not doing as good and some big ones like auto are trying to cope well after coming out of bankruptcy . Energy , food and commodity prices are relatively low causing some relief on the inflationary pressure in the economy but the housing market is in trouble with lot of foreclosures leading to a lot of Bank failures . Dreamland is also facing a huge trade deficit and approaching fiscal cliff .The income inequality between the rich and the poor is increasing causing some social unrest in different parts of the country. The President wants your smart advice. He wants to turn things around real fast and get the economy back on track with your help!
Advise your President in detail to save your job and get a good grade.
What would happen to his attempt to attain a balanced budget?
How would the President tell that his economy is approaching equilibrium or getting better?
Maze Consultant employees only two types of personnel, latyers and secretaries in a production function of the form Q=LS, where Q is the number of cases handled in a month, L is the number of lawers and S is the number of secretaries employed per mon..
Appalachian Coal Mining should minimize net cost by choosing that level of pollution
Extend this comparison by choosing a different point on this period's PPF and discuss whether that combination leads to more or less growth over the next period.
For the following sets of goods, draw two indifference curves(IC1 and IC2 where IC2 yields a higher level of utility than IC1). Draw each graph so that the quantity of the first good is on the horizonal axis and identify utility functions for part a)..
Explore the differences between economic model, economic theory, and economic policy. How would you explain this to a friend who has no clue what the differences are. Compare and contrast.
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A cost analysis is to be made to determine what, if anything, should be done in a situation offering three "do-something" and one "do-nothing" alternatives. Use a 10-year analysis period for the four mutually exclusive alternatives. At the end of Yea..
q1. how concentrated are income gains among the top 110th of one percent?q2. how does cost-consciousness help in better
Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and ill..
Generally describing the business also include a plot of the Price also Quantity data that you obtained.
The name of the government agency that insures commercial bank deposits is the:
How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products. Draw ..
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