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Suppose the government aims to stimulate the economy as the result of the recessionary gap. Explain which macroeconomic policy action you would recommend. Give both the direction and the magnitude of your policy action.
Describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
1. Why do so many economists project increasing budget deficits and government debt over the next several decades 2. According to the Ricardian view of government debt,
1. calculate ae given the information below and completely fill in the table.2. where is equilibrium in this economy
An analyst locates a study that estimates the average beachgoer was willing to pay $2.25 per hour in 2000 to visit a renourished beach. What is the value of this in 1999 dollars?c. An analyst determines that the real operating expenses for a sewa..
You are the manager of a local sporting goods store. Given the reservation prices, determine your optimal bundle pricing strategy.
A firm has the following short-run production function
The quantity theory states that the impact of money on nominal GDP can be determined without details about the aggregate demand curve, so long as the velocity of money is predictable. Discuss the reasoning behind this claim.
Explain if you were the production manager at BCAG, how would you justify the long-term nature of the contact with Thyssen Inc..
In response to pressure from environmentalists the government now tightens the maximum damage standard to 4 units. How much fertilizer will farmers use now? What will their profit be? What is the net societal benefit? What is the value of ??
If CS knew JL were going to build 100 units of capacity, how much would CS want to build If CS knew JL were going to build x units of capacity, how much would CS want to build (that is, what is CSís best response function in capacity)
For the 2nd quarter of 2011, identify the estimate for the current dollar value of Gross Domestic Product for the USA and explain in words what this number measures.
Use a hypothetical example to illustrate whether you agree or disagree with the following statement, "Unemployment will go up more if the demand for labor is elastic, because the demand for labor will decrease more when you have elastic demand than i..
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