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1. Give 2 reasons why increasing government spending could have a stronger bang-for-the-buck effect on the economy than an equivalent-sized tax cut. (2-3 sentences)
2. How could a balanced budget amendment (requiring a country to always have tax revenue be at least as much as government outlays) make an economy more susceptible to recessions? (3 sentences or less)
In January of this year US equity markets were rattled by signs of a slowdown in growth of the Chinese economy and other emerging markets, collapsing prices of oil and stagnation in most of the Euro zone countries...What is the likely impact on the E..
Smoothing techniques are a form of ___________ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast.
Demand and supply analysis, what is the impact on price and quantity in the market for live chickens and explain what the calculated elasticity value means.
With the aid of a diagram explain the difference between monopoly price, average cost pricing, and marginal cost pricing of a natural monopoly. Which is the most efficient and why
Below draw an AD/AS graph and a money market graph side-by-side. For the money market, use an upward sloping money supply curve and assume that the equilibrium interest rate in the money market is 5%. Then explain and show what happens if the Fed act..
An investment will pay $50 at the end of each of the next 3 years, $250 at the end of Year 4, $400 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 4% annually, what is its present value? If other investmen..
What happens to consumers who are not making minimum wage? (Assuming that minimum wage has increased and the economy is at equilibrium) Show a graph explaining what you said in Part 1 "using curves associated with monopolistic competition in the shor..
Acme Container Corporation produces egg cartons that are sold to egg distributors. Acme has estimated this production function for its egg carton division: Acme currently pays a wage of $10 per hour and considers the relevant rental price for capital..
Why is there such a difference in Asia’s share of global real GDP, depending on whether the computation uses purchasing power, parities, or exchange rates? Why is Asia’s “economic size” so much smaller on a per capita basis than on al absolute basis?
Compare the primary available economic resources that health insurance payers may use to monitor, assess, and regulate health care providers' behavior.
Harper Engine Company needs $600,000 to take a cash discount of 1.5/10, net 60. Abanker will loan the money for 50 daya at an interest cost of $12,100. What is the effective rate on the bank loan? How much would it cost (in perecentage terms) if Harp..
Beth is a college student who lives in San Francisco and provides math tutoring for extra cash. At a wage of $30 per hour, she is willing to tutor 6 hours per week. At $50 per hour, she is willing to tutor 16 hours per week. Using the midpoint method..
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