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Q1. Converse the federal budget also relate it to principles of living in an discovery of fiscal policy. Look after your view on whether fiscal policy ought to be expansionary, contractual otherwise neutral right now. Be vigilant to classify the positive reasons based on current macroeconomic conditions as well as describe upon macroeconomic theory for your normative position on needed current fiscal policy.
Q2. When milk has an inelastic demand and beef has an elastic demand. Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%. What will the equilibrium price be?
A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.
Consider that, in this case, we 1st add (marginal) costs, not quantities, since these are the costs associated with each t-shirt.
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
An upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Explain why monopolistically competitive firms frequently prefer nonprice competition to price competition.
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning.
China has continued to lag well behind the rest of the world in information technologies
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
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