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Questions
1. Critique Keynes using Public Choice theory
2. Critique Keynes using Austrian knowledge theory
3. Critique monetary policy using Public Choice theory
4. Critique monetary policy using Austrian knowledge theory
5. Assess Keynes using the Crowding Out critique (chapter 12)
6. Assess Keynes using the New Classical critique (chapter 12)
7. Are you a classical economist or a Keynesian? Why?
8. Use macroeconomic theory to comment on a current domestic situation
9. Use macroeconomic theory to comment on a current international situation
10. Sketch a theory of macroeconomics that makes sense to you; you may draw from multiple schools. Explain your assumptions and policy implications.
In the space below, draw the complete intertemporal consumption model with investment and money, being sure to label completely and correctly. Next, show the impact of an increase in the money supply using the assumptions of money neutrality. Explain..
Consider a small modification to the one period labor supply problem that we studied in class. Specifically, assume that the individual seeks to maximize utility, U(C) + V(Leisure) subject to the budget equation PC = W L + D. The only new element in ..
Conduct a cost-benefit analysis of obtaining a graduate degree. Assess both the short-term and the long-term costs and benefits to determine why some people obtain the extra education while others do not.
The annual income from an apartment complex is $20,836. The annual expense is estimated to be $2,463. The apartment complex could be sold for $144,351 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
Describe the least cost combination of L and K when output is produced at the rate of 1,000 tons per day. Describe the required outlay for 1,000 tons per day.
Suppose a firm pollutes a stream that has a recreational value only when pollution is below a certain level. If transaction costs are low.
After the first course in biology or chemistry, many decide to major in something other that the natural sciences. which of the 12 principles is at work here?
Suppose price of Treasury bill falls to $925. Illustrate what is interest rate.
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
Price higher in monopoly market. Bigger quantity in perfect competition. How can a firm gain by reducing competition.
Sheridon Corporation is investigating automating a process by purchasing a new machine for $519,000 that would have a 6 year useful life and no salvage value. By automating the process, the company would save $135,000 per year in cash operating costs..
A firm's marginal revenue is $133 and its marginal cost is #90 illustrate what amount of profit does the firm fail to pick up by refusing to incease output by one unit.
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