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Fiscal policy and the short-run aggregate supply curve
1. Explain how fiscal policy may possibly affect the short-run aggregate supply curve.
2. How does classical economics explain its confidence in the ability of natural forces to return the economy to its potential level of real GDP?
3. What were the reasons for establishing the Federal Reserve System as 12 Reserve banks rather than a single central bank in Washington?
4. What is meant by the "independence" of the Fed? Is the Federal Reserve independent? Explain why or why not.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Illustrate what are the major differences among an open and closed economy
Find out average fixed costs when the firm produces 50 widgets per day. Find out average total and variable costs for producing 49 widgets.
If the government starts welfare policy which pays B to all non workers and 0 to all workers, at what value of B will Mike opt out of the labor force and go on welfare?
Dell Electronics just stumbled upon a new supplier of personal computer (PC) circuitry in Costa Rica that can supply standardized computer inputs at $70 per PC.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
US cigarette makers face enormous punitive damage penalties after losing a series of class action lawsuits-What action do you suppose the cigarette companies took to avoid bankruptcy?
Derive the book supply curve where price is expressed as a function of output. Calculate the equilibrium level of output and local bookstore sales revenue.
Define and describe the difference between the absolute advantage and the comparative advantage.
If Deltas managers needs to follow a constant payout ratio dividend policy
Given the data of real disposable income and real consumption, draw consumption function, determine the slope-What is the marginal propensity to consume?
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