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Describe one (1) reason why the flexibility of wages and prices tend to favor the Keynesian economic view in the short run and one (1) reason why the flexibility of wages and prices tend to favor the classical economic view in the long run.
Why do more than 45 million Americans not have Health Insurance? Argue whether or not you feel that Health Insurance today should be either Public or Insurance driven? Discuss with two other students your reasoning.
Suppose the logging industry forms a union that requires longer apprenticeships and charges high fees to its members. Discuss the reasons why loggers might place these stipulations on union members. What are the loggers hoping to achieve?
Use economics to compare three ways to reduce the demand for heroin: the substitution of another, less dangerous, and less debilitating drug, such as methadone for heroin, to registered addicts; If expenditures on preventing crime equal $200 billion ..
Assume that the Fed decided engages in an open market purchase of $100 million dollars. If the required reserve ratio is 10%, and if banks hold an additional 2% of their assets in bonds, calculate the total change in the money supply.
Assume that there are only two firms in an industry – a home firm and a foreign firm – and that the firms are competing in third-country markets. Explain a “reaction function diagram” for the two firms, including the definition of a “reaction functio..
Explain the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
Who in the Ethiopian society has the most difficult time dealing with scarcity? How can their society provide for their wants and needs? Why are they so impoverished? What can their governments do to help, or hinder their country's development?
Prove the following claim: The more elastic the demand and supply curves are, the higher the deadweight loss associated with the introduction of a per unit tax will be. Hint: consider two general linear demand and supply functions, calculate the dead..
The Wall Street Journal's experience after it increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about price elasticity.
Where one the theoretical Production Possibility Frontier (PPF) do you think the US was on September 10, 2001? What happened thereafter? Support your answer with evidence such as unemployment rates, labor participation rates and information on invest..
Consider an income-tax system that has four tax brackets. The following table shows the marginal tax rate that applies to the income in each tax bracket. Compute the average income-tax rate at income levels $10,000 and $20,000, and each increment of ..
q.there are two identical firms in an industry. each firm uses a cournot strategy to maximize profits. if the best
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