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Compare and contrast a historical and/or current macroeconomic disturbance to the business cycle and economic policy decisions related to that disturbance. The disturbance would be some event that causes either unemployment or inflation to rise. Be sure to discuss the appropriate fiscal and monetary policies which would address that disturbance.
Last week, jorge purchased a $45 ticket to a soccer game scheduled for this Thursday. If he attends the game, he'll miss three hours of work, where he's paid $15per hour. While he can't return the ticket, he can resell it online for $30. Attending th..
Suppose Country A is a small open economy that takes world prices as given. What would be the effect on wages and rents in A if it were to experience an inflow of foreign capital? Use a diagram AND a table to convey your answer. Which groups would fa..
Based on your graphical analysis, explain the predicted impact of Mr. Buchanan's proposed policies. Specifically state what happens to the exchange rate, the trade balance, the volume of imports, and the volume of exports.
BigBiz, a local monopsonist, currently hires 50 workers and pays them $6 per hour. To attract an additional worker to its labor force, BigBiz would have to raise the wage rate to $6.25 per hour. What is BigBiz's marginal factor cost?
Let’s compare the incentives generated by two different types of public programs. The Aid to Families with Dependent Children (AFDC welfare before reform) provides an income subsidy, G, at 0 hours of work, it is taxed away at a rate t when an individ..
Assume that a cost function has been derived empirically for a large firm: what is the economic significance of the first term of the expression, 100? what is the marginal cost of production in this cast?
Some economists argue that it is possible to raise the standard of living by reducing population growth.
Your view about how an individual's health is determined (Theory X) Whether a person is healthy or sick is determined randomly. (Theory Y) Whether a person is healthy or sick depends on lifestyle choices such as whether a person smokes, drinks or wea..
Explain using a supply and demand curve the effects of an increase in minimum wage. According to U.S. Department of Labor, effective July 24, 2009, the national minimum wage was $7.25/ hour; therefore, research the current minimum wage rate on the la..
First suppose that there is no tax in the country Randland. A resident, Dagny, has an hourly wage of $50. How is it possible for Dagny to increase her hours worked after a tax? Graph the labor supply decision for Dagny on a daily income-leisure graph..
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
Illustrate want the government to impose a price ceiling on pump gas.
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