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Q1. Explicate the problem of time lags in enacting also applying fiscal policy. Explain how could "politics" complicate fiscal policy? Explain how might expectations of a fiscal policy being temporary weaken the effects of the policy?
Q2. Illustrate what is the purpose of macroeconomic models? Explain how a model of ice cream production can be used to explicate 50-fold income differences across countries
Q3. India is a country which produces two goods, textiles also computers. Last year, India produced 500 textiles also 1300 computers. This year it produced 450 textiles also 1100 computers. Given no further information, which of the subsequent events could explicate this change?
Explain how labor market equilibrium is affected by the supply also demand of labor.
What factors determine the intensity of rivalry in an industry. Is the intensity of rivalry in the PC industry high or low.
Illustrate what should be the production level if the producer operates in a monopolistic competitive market where the cost of software at each possible quantity
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Customers arrive at an automated coffee vending machine at a rate of 4/min, following a Poisson distribution.
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
Assuming no other changes, if balances in money market deposit accounts increase by $50 billion and small-denominated time deposits decrease by $50 billion.
Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again.
Calculate the new cost earned by sellers, the cost paid by clients, as well as the equilibrium quantity sold in the market.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Although firm expects the order to be of 6 units, determine the minimum average cost of the firm with these different order sizes.
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