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Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an increase in inflation and bring the economy to full employment as rapidly as possible.
Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support your conclusions.
Assume that the government imposes a $20 minimum wage. Find the new quantity of labor demanded and supplied.
explain the following statement any deviation from planned output or planned expenditures consumption investment will
this question is concerned with the value of major league baseball mlb franchises. the data was obtained for all u.s.
cyberelectronics produces three products cyberdesktops cyberlaptops and cybercameras which sells to two types of
Julio receives utility from consuming food (F) and clothing (C) as given by the utility function u(F,C) = FC In addition, the price of food is $2 per unit, the price of clothing is $10 per unit, and Julio"s weekly income is $50.
exercise 1a long time ago in a galaxy far far away the long run yearly demand and supply of moisture were qd 28 - p5
Amy's card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions..
A firm is a monopoly with demand and cost functions given by P = 200 – 2Q and C(Q) = 2,000 + 3Q2 respectively. Show your computations. Compute total cost. Compute total revenue. What is the price at the profit maximizing quantity?
Where Q is millions of subscribers What is the total cost function What is the marginal Cost function What number of subscribers will minimize AC for this firm What is the level of AC at this output
How much total utility does the consumer receive
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. each successive year yields a return that is $3,000 less than the previous year's return.
Suppose that a company has a fixed proportions production function that requires it to use two machines and one worker to produce 1000 units per hour. Explain why the cost per hour of producing 1000 units is 2v+w (where v is the hourly rent for the m..
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