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Assume an economy is closed. According to classical economic theory, explain what will be the long run effects of an increase in taxes. You may want to organize your answer around these three parts: A) Aggregate Supply/Output (includes a discussion of the determinant of the level of output and the effect of fiscal policy on output in the long-run B. Aggregate Demand/Real expenditures (includes a discussion of components of expenditures, their determinants, and the effect of fiscal policy on expenditures and the composition of expenditures). C. Loanable Funds Markets (includes a discussion of the determinant of the interest rate in loanable funds market and the effect of the fiscal policy on the real interest rate in the long run). Please include a graph if possible.
Critique a human resource article which study Staffing (recruting and selecting employees, managing employee seperations, downsizing, and outplacement) The critique must contain the following: -A brief introduction of the article -A statement of the ..
What is the different between quantitative easing and inflation? And how can they be explained using the graph of demand V.S supply?
The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average.
Why do private businesses generally not have a corporate governance agency problem? Identify at least four methods that have been used to attempt to deal with the agency problem in corporate governance and comment on the pros and cons and effectivene..
Can you give examples of the companies that have high pension costs. Why are companies using more technology input while reducing labor input. Explain why are the Average Cost Curves U-shaped.
Suppose the U.S. president is attempting to decide whether the federal government should spend more on research to find a cure for lung cancer. He asks you, one of his economic advisors, to prepare a report discussing the relevant factors he should c..
As reserve requirement increases, money creation increase. The money value and price level are in inverse relation. The nominal interest rate is related to inflation. An inflation tax is tax put onto inflation. Government expenditure belongs to the a..
Explain how are presidential election outcomes related to the performance of the economy.
Imagine you are a CPA representing a client preparing for the formation of a foreign corporation. Create a plan for the client to transfer property into the foreign corporation that will generate the least tax consequences.
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
An engineer deposits $900 each month into a retirement account. After 30 years, the balance in the account is $1.7 million. Determine the effective annual rate of return for this account.
Firms often face the problem of allocating an input in fixed provide among different products.
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