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Explain the multiplier intuitively. Why is it that an increase in Consumption of $100 raises output/income by more than $100? Why is the effect of the multiplier finite?
Briefly explain whether each of the following is primarily a microeconomic issue or a macroeconomic issue. a. The effect of higher cigarette taxes on the quantity of cigarettes sold
A restaurant with $1 million in annual sales has costs of $350,000 in wages, $450,000 for food, utilities and other supplies, and $100,000 in rent. How much is this restaurant contributing to each component of national income?
Based on your background readings and your analysis of the leadership styles of Steve Jobs and his successor at Apple, Tim Cook, who do you think you would prefer to report to (if Mr. Jobs were still with us) if you were an executive at Apple and why..
Explain why housing prices vary from one city to another
What does the Federal Reserve take into account when establishing general and specific rates of interest? Describe the recent tools the Federal Reserve has used to influence the U.S. economy, and explain their effects. In your opinion, have these mea..
Institutional economics and neo-classical economics. Off-hand, which of the two seems like a more sensible approach? What are some of the elements you agree or disagree with?
Public employee unions can engage in collective bargaining in al 50 states. Public employee unions cannot engage in collective bargaining in any state. The right of public employee unions to engage in collective barbaining has been under attack in In..
The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.
describe porters five forces model and how it is helpful it could be when developing ones international strategy. how
The firms has the production function Q(K,L)=30K^.67L^.33, where Q is the hours of edited footage. The wage is $25, and the rental rate of capital is $50. The firm wants to produce 3,000 units of output (video shorts) at the lowest possible co..
1. a small modular nuclear reactor delivers 100 mwe and has a capital cost of 1500kwe costs 5 millionyear for
according to the federal reserves federal open market committee 2011 the federal reserve controls the three tools of
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