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How can an increase in taxation decrease the gross domestic product measured?
Draw and explain the three ranges on the aggregate demand and supply graph. - Where is the demand curve today on the US aggregate supply curve? Explain
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
Huntsman International’s stock has a beta of 1.23, its required return is 11.75%, and the risk-free rate is 4.30%. What is the required rate of return on the stock market? (Hint: First find the market risk premium.)
If the severity of business cycles were reduced, what would be the effect on each of the four types of unemployment and on theunemployment rate as a whole? The four types of unemployment are frictional,structural, cyclical, and full unemployment.
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional p..
Explain the difference between fixed production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology.
What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced?
The demand curve for your firms product is linear.Based on recent sales data you have determined that at the current price the price elasticity of demand is .80. A. Is the current price on the upper or lower portion of the demand curve
Emerging economies are facing a "new reality" that is significantly slowing the pace of economic convergence with the rich world and risks leading to further financial market volatility, discuss.
Suppose Congress cuts spending for the military, and then unemployment rises in the U.S. defense industry. Is there causation in this situation, or are we observing an association between events?
What would be the net price received by the cigarette producers - find the consumer surplus, graphically and algebraically.
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