problem sets #2, Macroeconomics

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Financing of Fiscal Deficit: Since the size of balanced budget of the multiplier is small, it is not for all time possible to get the needed demand expansion by raising the exp

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Crowding out would most likely occur, Crowding out would most likely occur ...

Crowding out would most likely occur when: A. the Congress enacts budget cuts to balance the budget. B. workers lose jobs as a result of anti-inflationary fiscal policies. C. the f

Employees'' productivity, what measures should be taken to raise the produc...

what measures should be taken to raise the productivity of the workers?

Define do you mean by gdp growth, Q. Define do you mean by GDP growth? ...

Q. Define do you mean by GDP growth? By (nominal) GDP-growth we mean the percentage change in (nominal) GDP over a specific period of time. Real GDP growth is defined as percen

How aggregate consumption increase, How much more did the average household...

How much more did the average household spend on appliances, electronics, and furniture when it received the 2008 tax rebate? (b) If all 110 million households did so, how much did

Describe the economic justification for free trade policies, Some manufactu...

Some manufacturing and agricultural products produced in the Midwest are exported to overseas markets.  US consumers and businesses also purchase many products produced outside the

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