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How do the Minsky and Austrian explanations for the causes of the Great Recession differ? Explain how the proponents of government stimulus believe that it will affect aggregate demand and employment (be specific!). How might government stimulus possibly slow rather than accelerate a recovery?
Other things equal, increasing home prices tend to:
When a leading developing country defaults on its loan to foreigners, discuss (with the aid of loanable funds market diagram) why interest rates will rise on bonds issued by many other developing countries.
Real interest rate is a combination of inflation rate and market interest rate, and increase when those rates increase. To have a higher NPV of an after-tax CFS, business owners would always prefer lower depreciation rates.
Describe a specific tariff, an ad valorem tariff, and a compound tariff. What are the advantages and disadvantages of each?
Due to an expanded growth in a city, new waste capacity is needed. A new truck is evaluated to replace the presently owned. The interest rate is 8%.
Assume the market for a commodity is described by the demand and supply functions. Determine the equilibrium price and quantity in this market. Draw a graph to illustrate your answer and compute the consumer surplus and the producer surplus.
if la jolla could obtain additional of the white wine, should they do so. if so how much should they be willing to pay for each additional gallon and how many additional gallons would they want to purchased
Two firms are playing an infinitely repeated Bertrand game, each with the same marginal cost 20. The market demand function is given by P=150-Q. The firm who charges the lower price wins the whole market. Describe the trigger strategy that can be use..
What constant yearly rate of inflation would lead to the price rise observed over those two years.
What is meant by cause-in-fact? Explain how the logic of cause-in-fact does not always make economic sense. Why is it that in manufacturing and medicine the legal rule is generally strict liability?
An important point is about customer expectations. What customer expectations are there with respect to What, When and By whom in a project? What would you use to determine if the project was successful? What would a customer use?
A flood control project with a life of 15 years will require an investment of $250,000 and annual maintenance costs of $20,000. The project will provide no benefits for the first two years but will save $60,000 per year in flood damage starting in th..
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