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At this point it seems that the State of California faces a budget deficit by the end of the next fiscal year of approximately $16.5 billion. To make matters worse it appears revenues will continue to drop and a representative of a Federal District Court has tentatively ordered the state to spend about $7 billion on improving the health care system in the state prison system.
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state. We already know the problems/causes of the budget deficit so write a 2-3 page double spaced policy brief that focuses strictly on potential solutions to the budget crisis, be specific feel free to analyze/critique solutions offered by other analysts.
Recommendations should be clear, logically consistent with goals, well-reasoned, analytically sound, and supported by evidence/data. Include any references or sources of any kind.
Say if the following statement is true or false and why-Exports depend only on the demand of foreign countries for our products and therefore our exporting
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Select any low income country (or countries) on which you can find data on the following (a web search should yield you the required information)
Suppose that the governmental authorities wished to decrease use of a pesticide that is leaching into groundwater supplies in a watershed by 60% from current use levels.
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
What distinguishes money from other assets in the economy? What are demand deposits, and why should they be included in the stock of money?
Graphically illustrate the impact of an open-market purchase by the Federal Reserve on the equilibrium interest rate using the theory of liquidity preference and the market for real money balances. (Be sure to label:
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
All semester we have been tracking the economy to discern where it currently resides along the business cycle and where it seems to be headed over the next 6-9 months.
What elasticity of demand did the Village Administrator seem to assume here in his prediction for 1970- 1971? Compute the approximate elasticity of demand (round off, two decimal places is close enough).
Shelly's preferences for consumption and leisure can be expressed as. This utility function implies that shelly's marginal utility of leisure is C-200 and her marginal utility of consumption is L-80.
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