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Suppose that an increase in marginal tax rates on individual income affects both aggregate demand and aggregate supply. Briefly describe the effect of the tax increase on equilibrium real GDP and the equilibrium price level. Will the changes in equilibrium real GDP and the price level be larger or smaller than they would be if the tax increase affected only aggregate demand? Briefly explain.
Analyze how inflation could occur in a society that relies exclusively on barter versus money. Speculate what form inflation would take and how you would recognize it. Provide support for your response.
The toll-bridge operator is considering an increase in the toll to $7.At this higher price, how many people would cross the bridge? Would the toll-bridge revenue increase or decrease?
Consumer Sovereignty & Dollar Votes guide the market system in dealing with which fundamental question a) What will be produced b) How is the output to be produced c) How can the system accomodate change d) Why is to recieve the output
Suppose that the central bank buys $6 billion on the open market and the banks wish to hold reserves of 8 percent. What is the largest amount the money supply could ultimately increase?
Sales force compensation can be approached several different ways. Discuss sales force compensation, explaining each of the different ways compensation can be structured, and the advantages and limitations of each compensation approach that you sh..
What will happen to wage rates in country A and country B because of the migration of labor from country B to country A and what will happen to domestic output in country A and country B after immigration?
Identify the market structure in which organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.
Might his heirs suffer from being bequeathed too many of his works? As the heirs' financial adviser, what strategy would you advise them to pursue in selling pieces of his work?
Explain the process of his/her search for a way to represent the design resolution through the articulation of the design concept.
An increase in government spending or An equal decrease in taxes if consumer confidence is lower than the previous month.
5. Explain how the factors below contributed to the subprime meltdown.(a) Financial innovations in the mortgage markets.(b) Agency problems.(c) Information problems Briefly discuss the political economy of a typical banking crisis
Assume that Carl and Wanda each make $40,000. Each was given a raise of $4,000. Carl's spending increased from $40,000 to $43,000. Wanda's savings increased from $1,000 to $2,000.
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