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During the 1990s government purchases of goods declined as portion of overall output, in part because of the end of the cold war. If we ignore trade and treat the U.S. as a closed economy, what would be the predicted long-run result of this shift on (a) output, (b) consumption, (c) investment, (d) the real interest rate? If, instead, we treat the economy as a large open economy, what would be the predicted long-run result of this shift on (a) output, (b) consumption, (c) investment, (d) the real interest rate, and (e) the net rate of borrowing from or lending to foreigners? (Include the appropriate diagrams in each case).
The Swiss pharmaceutical global corporation Hoffman-La Roche has made a major breakthrough in the relief of a serious disabling disease that affects 3 percent of the world's population. Its new product Tigason is the first product that effectively..
The general demand function for a good, Good A, is: Is Good A a normal good or an inferior good? How do we know exactly?
Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly. T..
What are the primary difference between industrial users and home users of electricity that allow the utilities to discriminate between the two markets in terms of price How do we compensate for these differences in order to improve
international trade is a complex area of study. effects of policies currencies tariffs trading arrangement and other
Explain the connections that exist between female labor force participation and divorce. Use your analysis to predict the patterns of divorce and female labor force participation over the next decade.
Estimate the weekly sales for the typical McPablo's outlet and what is theniffent price elasticity for tacos? What is the advertising easnaty - should McPablo's raise its taco pdce? Why or why not?
what is sustainable development? give 2 examples. what is an environmental sustainability initiatives ? give two
Using the criteria of efficiency, define the ways a market may fail and explain how government regulation can offset the problems caused by market failure.
An economy is facing the inflationary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real..
What happens to consumer surplus and what happens t o the economic profits earned by Widget Corp.?
licensure of physicians means that to some extent the supply of physicians can be viewed as a vertical line. explain
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