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Suppose that you are the chief economic advisor to the president of the United States. You are asked to propose a strategy to bring the economy out of recession. Unemployment is at 13 percent and inflation is relatively low. Your goal is to avoid an increase in inflation and bring the economy to full employment as rapidly as possible.
Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support your conclusions.
What is the relationship between bowed out shape of production possibilities frontier and increasing opportunity cost of the good as more of it is produced?
As an economist you have been tasked to address a meeting of a company on international professional to describe the differences between micoeconomics and maroeconomic and give real world example.
As a result of Barry's recommendation, Texas Crude purchased the tool for $30,000 on January 1, 2005. By January 1, 2006, the tool had saved a total of $5,000 and went on line full time. After going on line full time, the tool saved Texas Crude $9..
The world is shrinking rapidly with the advent of faster communication, transportation, and financial flows. the terms global industry and global firm are becoming more common. Explain how cultural differences
1. Why is it necessary to understand the concept of present value to analyze the schooling decision 2. Provide an intuitive explanation of the concept of present value.
Find out the total revenue (TR) and total profits in terms of Q. At what level of output (Q) are total profits maximized? What price will be charged? What are total profits at this output level?
Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investment since it began producing polyglutamate- a rate comparable to the average rate of interest that large banks paid on deposits over this ..
Differentiate between the resource market and producer market in a circular flow model. Determine the way that businesses and households both sellers and buyers in this model also find the flows in the circular flow model?
suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
Suppose we have a simultaneous moves entry game where the incumbent and the entry have to both decide on the strategies at the same time
The empirical evidence concerning the magnitudes of localization and urbanization economies.
what role did the government play in creating the financial crisis? what role did fannie mae and freddie mac play in
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