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A- Fiscal policies can work only if private enterprises respond to them in certain way; if they respond in other ways, the policies fail. Explain and give examples.
B- Can the government make things worse by intervening in markets? Are there other options outside the markets and government that will fix macroeconomic failure?
C- "Big government is always harmful to owners of private enterprises, while small government is always good for them." Explain, using examples, why you either agree or disagree with this quotation.
Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example. Explains the inner and outer flows of a closed system. Explains the inner and outer flows of an open system.
Determine what does a contractionary gap imply about the actual rate of unemployment relative to the natural rate?
Illustrate what special problems are faced by eastern european economies as they make the transition from central planning to competitive markets.
Explain how have US economic or fiscal policies affected employment rates
When on leave, workers receive 55 percent of their normal pay. What are the likely responses on the demand (employer) side of the labor market? Include in your analysis a consideration of factors that would affect the size of these responses.
The mean time an American family lives in a particular single-family dwelling is 11.8 years. A sample of 100 families in the Sycamore, OK area shows the mean time living in a single family residence is 12.7 years. Can we conclude that the time peo..
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score. a. Did you face a tradeoff?
The Hull Petroleum Corporation and Inverted V are retail gasoline franchises that compete in local market to sell gasoline to customer.
How much is equilibrium level of income or output if Fed decides to set the rate of interest at 10 percent (r=0.10).
Assume you want to hedge a $400 million bond portfolio with a duration of 4.3 years using 10- year Treasury note futures with a duration of 6.7 years.
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
Illustrate what policies have been proposed or implemented to address the problem your describe.
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