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My contention is the US is not expanding its production possibilities enough to lead to an increase in our PPC sufficient to increase our population’s standard of living. List two policies that the US government could use that would likely increase our PPC over time? explain answer
With economic development comes each of the following, except;
If there is a negative price shock, what will be the effect of countercyclical monetary policy on output and inflation. When will these effects occurred if there are time lags. What is the fed's goal in using countercyclical policy?
Assume that the company's is considering a merger. The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new sc..
Suppose two countries, A and B, with the same production function Y = K? L 1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Compare both economies to the Golden Rule.
Explain the difference between normative and positive economics. Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.
Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to 0.75. Assuming that Ricardian equivalence holds true, illustrate what is the effect on equilibrium real GDP.
You are a division manager at Toyota. If your marketing department estimates that the semi annual demand for the Highlander is Q=150,000-1.5P, what price should you charge in order to maximize revenues from sales of the Highlander?
What considerations come into play when considering whether the United States or any other political entity is spending the right amount for environmental quality improvements
What are the three functions of money? In your own words, explain why money is needed in a modern economy. Why would it be very difficult to get by without money?
Production Possibility Frintier and Production Possibility Curve (PPC) are the same thing. Suppose that Jeffrey can produce a maximum of 50 units of corn, 20 units of grapes, or some linear combination of these extremes. Likewise, Sarah can produce a..
Identify three economic factors that will drive a firm's value-to-book ratio to be higher than that of other firms in the same industry.
q1. compare and contrast inflation and deflation. what are some of the damaging effects that each has on an economy?
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