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While many thought that 2008 fiscal stimulus plan explained in the feature on pg. 174 was a good idea, some did not. Some even think that Congress did not go far enough. In retrospect, who was right? Did the economy experience a recession in 2008 or 2009? What happened to employment during the rest of 2008? Determine some of the alternatives to a tax cut that might have been used?
Illustrate what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past 12 months.
In the country A, all wage contracts are indexed to inflation. That is, each month wages are adjusted to reflect increases in cost of living as reflected in changes in price level. Explain answer with aggregate supply and aggregate demand curves.
In perfectly competitive market a company typically has short run average total cost curve and marginal cost curve of;
Describe the economic and political economy aspects of the globalization debate. Why has globalization created so much controversy.
Elucidate the roles played by total utility and marginal utility.
Illustrate what are the three categories of transactions in the balance of payments? Give an example of each.
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
Optimal consumption. The following Table describes the demand for tickets to the opera, during the two=-week season.
What is the growth rate of nominal GDP in the economy?An adverse supply shock raises the inflation rate associated with every output ratio by 3 percentage points. Draw the new short-run Phillips Curve.
How do you explain and predict hospital behaviors if using the utility-maximizing
Assume a typical customer’s inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q.
Given the industry's concern that workers shirk, they start employee at $10 and increase the pay by $0.40 each year they are on the job.
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