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Consider current budget problem of many states. What is it? Explain. What are the two basic choices for them to get out of financial trouble? Explain the impact of each. Why are some states playing for a federal bailout if needed? Explain. How is that like a game of Chicken? Explain. Why
The World Bank is currently advising newly industrialized nations on how to increase growth and they have asked for your help.
The rule established by the Hadley case is "when damages are awarded, compensation can only be awarded for injuries that the defendant could reasonably have forseen as a probable result of the usual course of events following a breach."
the issue of separating out the effects of price on the quantity demanded when supply cannot be not held constant. the issue of having insufficient variation in prices.
Describe the current status of Real GDP and unemployment rate and inflation rate.
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run.
Many people find the current unemployment figures for Australia at 5.5% unbelievable. Why is this? Why might the official statistics be inaccurate
what is likely to happen to the curve if wage indexation becomes more widespread? Illustrate your answer on the graph.
One option to balancing the budget yearly or cyclically is to create a government budget that would be balanced if economy were at potential output.
Visit the Bureau of Labor Statistics and click on the links for state employment and unemployment. Look at your home state and describe what changes have taken place in the workforce and unemployment rate.
Suppose that Al, Beth, Carol, David, and Ed receive incomes of $500, $250, $125, $75, and $50, respectively. Create and interpret a Lorenz particular level of total income.
One of the major problems in macroeconomics is disagreement in the debate over policy activism versus policy rules.
Suppose, during the last year, in a closed economy (net exports=0), consumption expenditures were $20 billion, investment was $12 billion, government purchases were $20 billion, and the underground economy produced $10 billion worth of goods and serv..
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