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If there is initially a federal budget surplus, and government purchases and transfer payments both fall:
A. there is an indeterminate effect on both AD and the budget surplus.
B. AD increases and the budget surplus increases.
C. AD increases and the budget surplus decreases.
D. AD decreases and the budget surplus increases.
E. AD decreases and the budget surplus decreases.
Think of some other real-world examples where the competitive hypothesis is violated. What would need to be added to the basic supply and demand model to accurately predict what people do when they aren't sure
As of 2006, the United States is running a large trade deficit--that is, imports exceed exports by a wide margin and the United States is consuming more than it is producing. The U.S.'s ability to consume more than it produces rests on foreigners' wi..
Provide a brief, four (4) sentence summary of the background of the case and the outcomes of the lawsuit. Examine both the positive and negative effects that the company in question experienced.
In the absence of regulation, firm 1 would emit 15 and firm 2 would emit 20. The firms have the following marginal control costs where q1 and q2 are the amount of emissions reduced by each firm. If instead an emission permit system was established, h..
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Do you agree or disagree with the statement that " A mononpolist always charges the highest possible price"? Explain B.) why can’t an individual firm raise it price by reducing output or lower its price to increase sales volume in a purely competitiv..
Over the years we have seen large changes in US federal income tax rates, with the highest marginal rates falling from 70% to under 40% today. Describe the impact of this change on the spread between US Treasury bonds and municipal bonds? Under the e..
Illustrate what conclusions can you draw about this period by comparing this cycle to previous business cycles.
q.a major producer of consumer goods set out to forecast the price of fresh salmon three years ahead. such a forecast
A manufactures of a well-known brand of toothpaste is considering changing the way he prices his tooth paste. Currently, he is selling it at $5.00 per bottle. He hired a college professor of economics to estimate the demand function for the product.
A prediction interval provides an interval estimate for:
Illustrate what are major arguments in case for income equality. Illustrate what are major arguments in case for income inequality.
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