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If unemployment is high and spending is sluggish, what type of fiscial policy should be enacted? How would this be enacted via taxes? Via government spending? What is the intended effect of this policy on aggregate demand?
Elucidate what does either player have a dominant strategy. Explain is there Nash equilibrium in this game.
We have learned that under the perfect competitive market, consumer surplus and producer surplus are maximized. Therefore, market is the most efficient. Research and give an example of an incomplete market, discuss why it is inefficient, and illustra..
This focuses on the relationship between inputs and output. Different production curves are presented. But the intensity of current global competition often requires managers go beyond the traditional production curves.
Because the Federal Reserve is not constrained by a fixed exchange rate, it is free to set monetary policy without concerns about the effect on the value of the dollar. How would the Fed’s actions during the 2007-2009 financial crisis have been conta..
hire many more employee than were available on the island. As a result, prices for goods and services rose dramatically across the board.
Consider a hospital that has a demand curve given by P=180-4Q. Their total cost curve is given by TC=95+2Q. a) Please write down the expression for MR (marginal revenue) and MC (marginal cost). What will be the optimal P and Q? What will be their tot..
Given the bivariate sample regression model Yi = βˆ 0 + βˆ 1Xi + ˆei derive the OLS parameter estimates, i.e., derive the critical values of βˆ 0 and βˆ 1 that minimize the residual sum of squares (RSS).
Define production possibility frontier; state the conditions require for its construction and show how it is constructed. State the basic properties.
These forecasts for the Internet creating “perfectly competitive” markets were based on the competitive model we have presented in this chapter. Do you think the Internet has helped create more competitive markets or less? Why?
Suppose the U.S. grows more slowly than Canada. The best medium term prediction is that the
When the interest on a loan is below market, a lender must offer a discount to induce the investor market (secondary market) to purchase the loan. Assume a house is worth $100,000 if purchased with all cash. The existing 9% assumable loan has monthly..
At what point should the government intervene in the delivery of health care (other than Medicare and Medicaid)? Should this intervention be at a state level or a federal level? Why? Provide at least two examples of when the government should become ..
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