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Explain the main arguments in favor of economic stabilization during recessions. Explain why policy lags could make stabilization policies counterproductive.
What are the justifications given in favor of more government involvement in the market economy? What are the reasons given in favor of less government involvement in the market economy?
The interest earned is deposited back into the sacinvgs account each month. How much is this account worth 28 years? Answer to the nearest dollar.
suppose you are the owner-operator of a gas station in a small town. over the past 20 years you and your rival have
Explain what caused the Great Recession of 2008 and then assess the fiscal policy responses of the federal government and the monetary policy responses of the Federal Reserve
consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.5unit of
The World Bank projects that the world's population will increase from 7 billion to 8 billion in 2025. World output today is roughly $80 trillion. What is global per capita income today? What will per capita income be in 2025 if the world's economy d..
Using the normal distribution, find the probability that a population with a mean of 35 and a standard deviation of 8 will produce a sample mean of less 34 in a sample of size 64.
An economy has $72, to divide between Hamlet and Ophelia. What are the Pareto efficient allocations of the $72? Calculate the allocation of money that maximizes utilitarian social welfare. In that allocation, what is the maximized value of social wel..
You are scheduled to receive annual payments of $9,900 for each of the next 25 years. Your discount rate is 9 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of e..
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
In the Keynesian view, would a constitutional amendment that would require the federal government to balance its budget (incur no deficit) be desirable? Explain your answer.
Suppose output is growing at 3 percent per year and capital's and labor's shares of income are .3 and .7 respectively. If both labor and capital at 1 percent year what would the growth rate of total factor productivity have to be? What if both the la..
Elucidate how does a firm determine its demand for capital funds during a specific period.
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