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1. Explain briefly how macroeconomics is different from microeconomics. How can macroeconomists use microeconomic theory to guide them in their work, and why might they want to do so?
2. During 1993 when the economy was growing very slowly, President Clinton recommended a series of spending cuts and tax increases designed to reduce the deficit. These were passed by Congress in the Omnibus Budget Reconciliation Act of 1993. Some who opposed the bill argue that the United States was pursuing a "contractionary fiscal policy" at precisely the wrong time. Explain their logic.
What is the difference between long-term debt and notes payable?
You are planning to save for retirement over the next 30 years. To do this, you will invest $ 700 a month in a stock account and $ 300 a month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account wi..
An "increase in supply" means the supply curve has shifted to the right while an "increase in quantity supplied" means at any given price supply has increased.
Compute the least-squares line for predicting ln y from t . Plot the residuals versus the fitted values.
Third National Bank has reserves of $20,000 and checkable deposits of $200,000. The reserve ratio is 10 percent. Households deposit $20,000 in currency into the bank and that currency is added to reserves.
Analyze your product's position in relation to the competition. Identify the main competitors. Explain how your product
A consumer has $100 to divide between purchasing wine and quiche. Suppose wine costs $10 per bottle if the consumer purchases up to 5 bottles. After that, it is $5 per bottle. Suppose quiche is $5 each. Please draw the budget line. Will a consumer..
A system consists of n identical components, each of which is operational with probability P. independent of other components. The system is operational if at least K out of the n components are operational. What is the probability that the system..
Building on (b), suppose that the worker can earn overtime for each hour above 40 hours worked per week. Her base pay remains at $10/hour, but she earns one and one-half time for each hour beyond 40 hours.
What are the implications of these results for a policymaker who wants to assess the costs of a recession?
What are the pros and cons of these two arguments? What, in your opinion, are good long-run goals for reducing inflation and unemployment?
Discuss India's the key objectives and strategies of India's Foreign Trade Policy 2009-2014?
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