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Suppose we have an economy in which G = 100, t = 0.26, Y = 3800, and YN = 4000. Then t rises to 0.28 as the same time as G rises to 150. The overall impact of this resettling of the fiscal variables is ________ because ________.
A) expansionary, the natural employment deficit falls
B) expansionary, the actual deficit rises
C) contractionary, the natural employment deficit falls
D) contractionary, the natural employment deficit rises
consider an economy that produces only two goods fresh apricots and dried apricots. in this economy the technology of
Government regulation is, at times, a result of market failure. The marketplace can often create efficiencies naturally through supply and demand. Unfortunately gaps of inefficiencies result in market dislocations. Thus governments believe they can r..
in the system of approval voting each voter may vote for as many candidates as she wishes. if there are three
1.explain the concept of comparative advantage and the principle theories of why trade occurs.2.analyze and discuss the
If the United States gave Pakistan $1 billion for environmental clean-up of its water system, but a large portion of the money was diverted to be used for purchasing weapons,what would this be an example of in economic terms
you are the manager of a firm that receives revenues of 40000 per year from product x and 70000 per year from product
Fiona requires a minimum level of consumption, a threshold, to derive additional utility: U(X,Z) is 0 if X+Z is less than or equal to 5 and is X+Z otherwise. Draw fionas indifference curves. Which of our usual assumption does this example violate.
price fixing is a per se violation of the clayton antitrust act. from the materials in the library and the internet
What are the major factors that determine investment and what impact does each have on aggregate demand?
Analyze the characteristics of each of these goods. Focus on the characteristics that define each good as public or private.
The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:
Ronald Coase points out that a market failure does not arise simply because people ignore the external cost of their action. What other condition is necessary What did Coase consider to be the efficient solution to a negative externality
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