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Spending and Taxation Decisions
I need help with understanding fiscal policy and the concerns on which the US government bases its spending and taxation decisions. Also why dosen't an increase in aggreate demand translate into an increase in real GDP?
Explain the effects of these shocks on the price level, real GDP, and the nominal interest rate. Use an upward-sloping, short-run supply curve in your analysis.
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?
Discuss the difference among inflationary gap also deflationary gap.
The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labour force was 141.8 million, and the total number of employed was 135.1 million. Calculate the following:
What is the firm's cost function when the cost of pollution certificates is included? What is the firm's marginal cost function when the cost of pollution certificates is included? Derive the firm's supply function.
Compute the trucks net book value at the end of its third year of use under each depreciation method.
Suppose that the software market currently has one firm operating -Microhard. What contract should be writen between the bank and Newvel?
According to the neo-classical economic theory, the market is a natural, self-regulating system that tends automatically towards the full employment equilibrium of supply and demand.
Illustrate what are the major differences among an open and closed economy
How would each of the following affect the firm's marginal, average, and average variable cost curves?
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
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