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Explain how built in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built in stability?
1) If it costs more energy to recycle than to dispose, shouldpeople be incourage to recycle 2) Oregon Forrest Restoration Act requires a logging companythat cuts a tree, must plant 3 to replace it. Why do you think mosteconomist saythis law is not..
Calculate the following for Brian and Kim's firm
in the fall of 2008 aig the largest insurance company in the world at the time was at the risk of defaulting. as a
If the economy is in a recessionary gap, what must happen to reach potential GDP.
An increase in the nominal money supply will shift
q1. suppose that individual demand for a product is given by qd 1000 - 5p. marginal revenue is mr200 - 0.4q and
define protectionist policies and describe how the imposed restrictions work and analyze the impact of such
Suppose that the following data characterize the hypothetical economy of Trance: money supply = $200 billion; quantity of money demanded for transactions = $160 billion; quantity of money demanded as an asset = $10 billion at 12 percent interest, inc..
Calculate John's optimal consumption bundle, (X, Y). (Hint: Since John's indif-ference curves are not smooth and \curvy", we cannot use MRS = MRT to solve for the optimal bundle. Draw a diagram to see where the John's optimal bundle must be on his ..
The purpose of taxes is to generate revenue to allow government to provide services to citizens that they cannot easily provide on their own. If the government chose to reduce taxes by eliminating some tax services
a furniture store is having a customer appreciation sale. depending on the total dollars purchased customer could
Define protectionist policies and describe how the imposed restrictions work and analyze the impact of such policies. Find three public policies framed by the government that have posed restrictions on international trade.
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