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a. Why does Krugman call Obamacare “The Big Kluge”? What is his explanation for why we didn’t expand Medicare? What do the two interest groups – the currently insured and the Insurance Industry have in common?
b. Where does Douthat claim the Medicaid program gets its cost control? What are the two arguments Douthat makes for catastrophic insurance only?
Describe how the activities influenced your awareness and understanding of the interrelationship between business and society and describe how the readings and journalling ac
Use the following Taylor rule to calculate what would happen to the real interest rate if inflation increased by 3 percentage points. If inflation goes up by 3 percentage poin
Studies Explain how among which of the delivery curve bananas have shifted. All of the subsequent could be possible explanations for the shift except one. Which is the exemp
Finance The financial sector has a profound influence on important macroeconomic variables like GDP growth, employment and inflation. Describe recent financial crises and desc
Explain the relationship between wages/prices and unemployment using the basic Phillips Curve (PC) relationship. Explain Friedman and Phelps modification to the basic PC, thei
Consider a numerical example using the Solow growth model. Suppose that F(K,N) = K^ 0.5N^ 0.5, with d = 0.1, s = 0.2, n = 0.01, and z = 1, and take a period to be a year. Dete
One asset management ratio, the inventory turnover ratio, is defined as revenues divided by inventories. Would this ratio be more important for a medical device manufacturer o
Consider a country whose national income is $750 Million and whose population is 12.5 million. Assume in this country that the rich are 20% of the population and own 85% of th
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