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Explain whether each of the following is a (1) discretionary fiscal policy, (2) an automatic stabilizer, or (3) not a fiscal policy.
Government spending on infrastructure, such as highways and bridges
Treasury Department’s sales or purchases of government securities on the open market
Unemployment insurance paid to those who lose their jobs in a recession
Proportional income taxes
The Fed’s sales of government securities to affect the federal funds rate
A 5% decrease in all income taxes
Officer Jones, in full uniform driving a marked police car, follows a motor vehicle operated by Smith because the vehicle has crossed the center line. should be admissible because it was found pursuant to a valid Terry stop- and- frisk. should be exc..
Assume the value of equilibrium real GDP is $800 billion dollars. Assume the government increased spending by $20 billion dollars to increase real GDP.
You are a self-employed profit-maximization consultant specializing in monopolies. Five single-price, profit-maximizing monopolies are currently seeking your advice, and although the information they have supplied to you is incomplete, your expert kn..
In national income accounting, an investment is regarded as. Conclude the probability that the annual net cash flows will be negative.
In October 2011, Apple introduced the iPhone 4S, which had new features, including camera and voice control, but sold at the same price as the previous iPhone model. How did the introduction of the iPhone 4S affect the Consumer Price Index? What fact..
If $80 is charged for a design fee, and the monthly studio rent is 1,600; write an equation for the profit, P, in terms of x. Then how much is the profit when 50 award designs are sold in a month? How many award designs must be sold in order to maxim..
Using the AD/AS model, discuss the changes to the economy that the Phillips curve explains well, and describe under what conditions the Phillips curve fails to explain economic behavior. Include graphs of the Phillips curve and the AD/AS model in you..
Is it possible for Latin American countries to "adopt" the "Asian model of economic growth"? What policies from the East Asian countries could be exportable to other countries and potentially be successful?
Assume that you have $100 to spend on food and clothing. The price of food is $5 and the price of clothing is $10. Graph your budget constraint. Suppose that the government subsidizes clothing such that each unit of clothing is half-price, up to the ..
After you have been in a job for a while, you should portray your switching costs as:
Supose new, high- yield grains are introduced to Norway and the number of labor hours needed to grow a ton of grain there is cut 5 hours to 2.5 hours. What will happen to trade between Norway and Spain? If the number of labor hours needed to growna t..
Explicates how the factors determining resource demand differ from those determining product demand.
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