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1. a) Do protectionist policies benefit producers, consumers, workers, or the government? Explain.
b) Explain how the "Buy American" theme hurts Americans.
2. a) Identify the four major tools of monetary policy.
b) How can monetary policy address the problem of inflation?
Suppose the government reduces taxes by $20 billion, that there is no crowding out, and that the marginal propensity to consume is 3/4. a) What is the initial effect of the tax reduction on aggregate demand
part 1 de?nitionsfor each pair of termsconcepts de?ne each termconcept and explain the relationship between them. the
Interpret the coefficients of the regression model. Which independent variable has the strongest impact on the dependent variables
If each vendor sells exactly 100 hot dogs a day and the demand for hot dogs from vendors in the city is Q = 4400-1200P, how many vendors are there?
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908 and how does the taxation change if the income was $220,874?
Suppose a second firm enters the market. Let Ql be the output of the first firm and Q2 be the output of the second. Market demand is now given by Ql + Q2 = 53-P Assuming that this second firm has the same costs as the first, write the profits of each..
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently costs $5 and the government wants to put a tax on it to reduce asmoking by 20%, what should be the size of the tax per pact of cigaret..
econometrics homework.2.12nbspnbsp table 2-9 gives data on the consumer price index cpi for all items 1982-1984100 and
(Aggregate Demand and Supply) Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
What are the basic objectives of monetary policy?
Which of the following industries is most likely to exhibit the characteristic of free entry? cable television , t-shirt silkscreening
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