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Please write in some detail on all of the followings:
1. Please distinguish between the Keynesian and Classical views about the correction of problems that arise from business cycle.
2. Please define MPC and MPS.
3. Please define spending multiplier. What is its significance in fiscal policy discussion?
4. Say, the economy needs $8 bn spending to get out of recession. MPC for the economy is 0.8. What is the multiplier? How much should be the increase in Government spending?
5. What is loanable fund market about? Show it in graph.
Why does the percentage gain in earnings observed when worker gets one more year of schooling measure the marginal rate of return education?
Explain the effects of each of each of the following factors on the economy’s price level and real GDP. Illustrate your explanations with appropriate diagrams.
Under illustrate what circumstances should the debtor nation status of the United States (US) be a concern.
Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? Policymakers have studied the effects of the price ceiling carefully, and recognize that the price ceiling is advantageous for society..
Describe political and social impacts of this association. Are regional trade associations beneficial for global economy. For members of association.
Using your understanding of shifts in supply also demand, will this turn out to be a helpful or hurtful move on the Kenyan government's part.
Explain how do you suppose the tickets were rationed. Sketch supply and demand curves for the tickets to each of the two games.
q1. assume that cookie producers create a positive externality equal to 2 per dozen. what is the relationship between
Calculate the profit maximizing labor demand and the resulting wage paid for the monopsonistic firm. Calculate the welfare loss compared to the competitive outcome.
Suppose that the economy is in long run equilibrium, producing the full employment level of output. Now suppose that workers and firms come to expect the Fed to embark on expansionary policy to increase the level of output. Use the graph below to ill..
A used car dealer in Las Cruces placed the following advertisement: $500 down now + $99 for the first 12 months + $199 for the following 48 months a. What is the price of the car if the interest rate is 12% per year compounded monthly? b. If financin..
Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles.
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