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An individual's decision to purchase and drive a car does not take into account the effects on third parties. True or fALSE? Support with reason.
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using standardized test scores inconsistent
Define monetary policy and discuss how (or if) interest rates affect the consumption in the chosen scenario. If this section is applicable, support your discussion with data that shows the relationship.
What includes all of M1 money supply plus most savings accounts, money market accounts, and certificates of deposit?
Imagine a simple economy with only two people, Leroy and Percy. If the Social Welfare Function is W = UL + UP, and the Utility Possibilities Frontier is UPF = UL + 2UP, what will be the societal optimum?
Airline travels (good X) and driving interstates (good Y) are known to be substitute goods. suppose that a leading airline offers a steep discount on all routes. In the context of the market quantity supplied and quantity demanded diagram.
Given an MPC of .8, if the C+I equilibrium level of aggregate expenditure is $600 billion, then government expending of $50 billion is included, Determine new equilibrium level of aggregate expenditure?
The US congress is presently debating the new budget. Should federal spending be drastically reduced.
What is the real average hourly wage in 2009?- What can be said about real average hourly earnings and nominal average hourly earning between 2008 and 2010?
What are the advantages of the breaking up of Standard Oil? What were some arguments for not taking this anti-trust action?
What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country's long-term debt, what would it be and why?
Find the overall change in the economy's money supply if, when the reserve ratio is 5%, the Federal Reserve System buys $250 million of US government bonds from the banking system. What would have been the change if several billionaires deposited ..
The supply of loanable funds curve (LFS) curve is given by the equation r = 2 + (1/300) LFS where LFS is the quantity of loanable funds supplied. Calculate the initial value of government savings,
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