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-Which would shift the short run aggregate supply curve to the? left?
A. an unemployment level greater than the natural rate of unemployment
B. a lower price level
C. an expectation of inflation
-Contractionary fiscal policy would consist of
A. increasing the money supply in order to decrease interest rates.
B. increasing government spending? and/or decreasing taxes.
C. decreasing government spending? and/or increasing taxes.
D. decreasing the money supply in order to increase interest rates.
Using relevant diagrams, explain why the impact of expansionary fiscal policy in a fixed exchange rate regime differs from the impact of expansionary fiscal policy in a flexible exchange rate regime.
Why might M1 and M2 grow at very different rates during a given year? If excessively rapid growth in the money supply is associated with all inflationary episodes, why do central banks ever allow the money supply to increase so rapidly?
Production Functions and Marginal Products: How do inputs turn into outputs? Iso-quants/-costs and cost-minimization: What’s the best way to produce a given level of output? Cost Curves and Time: What is the relationship between MC, AC, and AVC and d..
The price of a video is $3 and the price of a dinner is $9. From this we know that a consumer who is maximizing utility will a. Buy enough of the two goods such that the marginal utility from the last dinner consumed is three times greater than the m..
The effect of global competition on the decisions made by management with regards to change in labor demand, supply, relations with unions, and rules and regulations in your chosen industry. The chosen industry is General Motors. Please provide sourc..
The world has gone through several different international financial orders over past 100 years. Explain how each one came into being and why the order eventually ran into difficulties and was suspended by another order.
Suppose that an unpopular president was leaving office, and a very popular candidate was elected, and this significantly increased the public's confidence in the future of the economy. Using the aggregate demand/aggregate supply model, elucidate t..
Explicate why the government expenditure multiplier is different from the tax multiplier.
Ginny is working for a marketing firm making $50,000 per year but considers starting her own marketing company. Ginny has determined that to launch the business, she needs to invest $80,000 of her own funds. which means that she will have to quit her..
An excise tax of $2.00 per pound of sugar placed on the suppliers of sugar would shift the supply curve:
Our constitution provides the citizens of the United States the absolute right of association and freedom of speech, do you think corporations should be considered people under the law and as such protected by the same rights as regular citizens? Exp..
The accompanying table shows a boat manufacturer’s total cost of producing boats. Quantity of Boats Total Cost 0 $ 450,000 1 $ 490,000 2 $ 510,000 3 $ 520,000 4 $ 540,000 5 $ 570,000 6 $ 610,000 7 $ 670,000 8 $ 750,000 9 $ 870,000 1. What is this man..
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