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Monetarists are often characterized as ‘noninterventionists’ while modern Keynesians are characterized as ‘interventionists’. Why do Monetarists argue against intervention? What are the afraid of? Why do modern Keynesians argue in favor of intervention? What are they afraid will happen if the system is left to work things out on its own? Explain carefully.
In 2010, the Laser Company produced 18 t-shirts. Three of them were sold to Catherine for $551 each, later that same year Catherine sold the now used t-shirts to Max for $540 each. The reaming t-shirts that Laser produced were not sold to anyone that..
Which of the following is a method for the Federal Reserve to control the supply of money? Open-market operations refer to the Federal Reserve: What determines the weights for calculating the Consumer Price Index?
Determine whether or not government regulation to ensure fairness in the low-calorie, frozen microwavable food industry is needed. Cite the major reasons for government involvement in a market economy.
a competitive industry is comprised of 15 identical firms, each with a short-run total cost function
A copier company want to expand production. It currently has 20 workers who share eight copiers. 2 months ago the firm added 2 copiers, and output increased by 100,000 pages per day. One month ago, they added 5 workers and productivity also increased..
for five countries of your choice collect the gdp per capita from unstats.un.org any year and countries you like where
What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?
What if the government needs to purchase a single, large piece of property in order to provide a public good, say, a satellitetracking station? There is only one private owner with whom to deal. And his property is the only one that is suitable for t..
The table below shows the payoff matrix for a game between Toyota and Honda, each of which is contemplating building a factory in a new market. What is the cooperative outcome in this game? Is it likely to be achievable? Explain. What is Honda’s best..
A product earns an annual gross revenues of $90,000, the variable costs is $60. The fixed cost are $30,000 and the product is sell for $90. The quantity of product sold last year was $1000. The annual profit is most nearly:
The recent immigration of labor into the United States from Mexico has led to increased calls for new restrictions on this movement of labor (including greater enforcement of existing restrictions). What would be the costs and benefits to the United ..
Do these public goods conform to the law of demand. For which public supplies is demand price elastic.
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