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1) Visit this Economic Time Series page and explain how the observed trend in personal consumption expenditure since 2000 affected the Keynesian C + I + G + X curve.
2) Visit the Center on Budget and Policy Priorities website. Identify and explain a liberal argument in favor of increased government spending; then identify and explain a conservative argument against the increase of government spending. Make sure to include why the argument is liberal or conservative
3) To analyze monetary policy, follow these steps. Visit the Federal Reserve website and observe the data in Table 1. Observe what happened to M2 (the money supply) during 2011-2012. Using the aggregate demand and supply model explain how monetary policy effected the economy.
Suppose that the firms in an oligopolistic market engage in a price war and, as a result, all firms earn lower profits. Game theory would describe this as what?
There are two identical firms in this economy with constant marginal costs equal to 1 and no fixed costs. Assume that firms set prices and follow a Bertrand model to do so.
According to The Tax Foundation, an independent tax policy research organization, “the first U.S. state to levy a gasoline tax was Oregon, which enacted a 1-cent per gallon tax in February 1919. Draw a supply and demand graph for gasoline in 2006. A..
Starting with the situation in part d, suppose the government starts taxing the population $30 each year without spending anything.
Suppose that the demand for loanable funds for car loans in the Milwaukee area is $11 million per month at an interest rate of 10 percent per year, $12 million at an interest rate of 9 percent per year, $13 million at an interest rate of 8 percent pe..
Developing an integrated approach to marketing a product, service, or idea ensures that the 4 Ps are compatible. There are some products whose value or utility are challenging to define and must be remarketed to existing or new target audiences. What..
The Government of Paraguay considers introducing a tax on pollution. They are thinking to make polluters pay an amount T (tax) for every ton of carbon they emit. If the government does implement the policy, the extra costs imposed on producers will b..
The market for a standard-sized cardboard container consists of two firms: CompositeBox and Fiberboard. As the manager of CompositeBox, you enjoy a patented technology that permits your company to produce boxes faster and at a lower cost than Fiberbo..
The establishment of Federal deposit insurance was intended to prevent:
q. the demand and supply curves for t-shirts in touristtown u.s.a. are given by the following equations 3 pointsq24000-
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..
hat is American's MRTS between K and L? MRTS between K and F. Should American try to ensure that all its MRTSs are equal. Explain what does American's production function exhibit constant, increasing, or decreasing returns to scale.
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