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From the e-Activity, examine the federal budget over the past 25 years. From the data, determine which of the two (2) forces appears stronger: falling revenue or spending growth. Speculate on the main reasons for the trend. Provide a rationale for your response. From the e-Activity, examine the fundamental manner in which the levels of non-military spending have changed. Provide two (2) specific examples of such changes to support your response. Go to the Congressional Budget Office's (CBO) Website located at https://www.cbo.gov/. Under the "Get Data" section, click "Historical Budget Data". Then, click on "Read Complete Document" to download the Excel spreadsheet that contains the latest historical budget data. Pay special attention to federal government receipt and expenditure data.
During the 4th-quarter of 1993, real GDP in US increase at an yearly rate of over 7 %. During 1994, the economy continued to expand with modest inflation
An inflation shock is a disturbance to the usual behavior of inflation that shifts the IA line. A supply shock is a change in the natural rate of output. Graph the long and short run effects of a positive inflation shock and a negative supply shoc..
In developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
What is the invisible hand principle Does it indicate that self-interset behavior within markets will result in actions that are beneficial to others What conditions are necessary for the invisible hand to work well? Why are these conditions impor..
Write a critical commentary on the Stern review on climate change from the perspective of African nations. You can use case studies of one or more African nations.
Consider an economy in which a monopolistic firm serves two identical, but separate markets, what is the total amount produced by the monopolist in equilibrium?
Suppose your supervisor has been asked many questions about how economy works and why the idea of limited resources is such a major concern in today's economy.
Thomas Malthus’s gloomy predictions for the future of humanity led ‘economies’ to be called a ‘dismal science’. Show either through the mathematics of production functions or intuitively.
shut down her business in the short run but continue to operate in the long run. continue to operate in the short run but shut down in the long run.
how can an economy that is below its potential output level attain equilibrium at potential output and shift the aggregate demand schedule to the left?
Determine which of the following nations would you expect to have intertemporal production possibilities biased toward current consumption goods,
Will price be higher or lower under such an agreement in long-run equilibrium than would be the case if firms didn't collude. Even in firms in a monopolistically competitive market collude successfully.
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