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As Suppose a country has no public debt in year 1 but experiences a budget deficiet of $40 billion in year 2 , a budget deficiet of $ 20 Billion in year 3 a surplus of $10 billion in year 3 and a budget deficiet of $2 billion in year
4. What is the absolute size of its public debt in year 4?
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
Assume that Nancy Pelosi declares that clay fire pits are causing global warming, and demand for fire pits shrinks substantially in the U.S.
Federal budget and relate it to standards of living in an exploration of fiscal policy. You are asked to post and defend your view on whether fiscal policy should be expansionary, contractionary, or neutral right now.
What is the size of the GDP gap? (assuming that equilibrium real GDP is $800 billion, potential real GDP is $900 billion, the MPC is 0.8 and the MPI is 0.40)
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty years.
Take me out to the ballpark. It's nearly baseball time and baseball franchises are thinking about pricing their products. Assume a team sells three concessions: hotdogs, soda and nachos. For hotdogs, the average fan's MU for units 1, 2, and 3 is 1..
Should the measure of imports used in the GNP (or GDP) accounts therefore be defined to include only imports of final goods and services from abroad? What about exports?
The residents of the town Ectenia all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $2,40,000 and no variable costs. There are 100,000 town residents, and each has the same demand for museum vi..
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
Large-denomination time deposits: $ 304 billion Currency and coin held by nonbanking public: 438 billion
A sharp decrease in housing prices makes people much less wealthy. If the primary effect of this decreased wealth is felt on labor supply, what happens to the level of employment and the real wage rate if the labor supply function is positively re..
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
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