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Imagine that you are a policy consultant and you are asked your thoughts on restructuring the European Union. In your opinion, which of the following institutions is the most significant (you must also define what you feel the concept of “significant” means in EU terms): European Parliament, European Council, European Commission, or the Council of Ministers. Which of the following institutions would you recommend dissolving? Explain your rationale. Do you think this multi-faceted decision-making process “works” for the European Union? Why or why not?
Elucidate what would be according to your opinion the right mix of monetary and fiscal policies for years 2011-2012. Elucidate what would be according to your opinion the appropriate structure of your investment portfolio.
Describe the difference(s) between extrinsic and intrinsic outcomes. Referring to Table 6-2 in the text, which of the outcomes are most appealing to you? How do you think your preferences will change as you get older?
Assume that initially G is $300 and equilibrium real GDP is $5000. If the multiplier is 5, what would be the new equilibrium level of GDP if Government expenditures increase to $500?
q1. the husband of miss young is a monopolist with constant marginal costs of 50 that can sell to three groups of
Consider the following production function: f(k,l) = k^1/3 + l^1/3. Does an increase in the tax increase the cost linearly? Why or why not? HINT: Consider the partial derivative of the cost function with respect to t.
When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of the following scenarios represent expansionary fiscal policies from both a supply and demand perspective at the same time?
Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $ 3 per bushel, and 5 million ..
Show how an open market sale affects the Fed's balance sheet and also the balance sheet of the commercial bank of the purchaser of the bond sold by the Fed.
Most countries import substantial amounts of goods and services from other countries. Yet the theory says a nation can enjoy a high standard of living only if it can produce a large quantity of goods and services itself. Can you reconcile these two f..
An eccentric scientist invents a very useful gadget and makes huge profits. Unfortunately, he is so preoccupied with his newly found fame and fortune that he forgot to secure a patent for his special product. What can be expected to happen to the sup..
A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Illustrate what is total amount of output firm should produce.
Suppose that net returns are $700 per acre and expected rates of return are 15%, then the estimated land value per acre is:
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