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1. Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability?
2. Define the cyclically budget, explain it significance, and state why is may differ from the actual budget.
3. Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
How does the proliferation of global trade and competition contribute to markets moving away more from market possessing power to more perfect competition?
(1a.) Considering all prices, plot the market transactions for widgets.( b.) What is the price elasticity of demand for widgets when the price goes up from $20 to
When on leave, workers receive 55 percent of their normal pay. What are the likely responses on the demand (employer) side of the labor market? Include in your analysis a consideration of factors that would affect the size of these responses.
Changes in government spending and interest rates
Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government-imposed barriers such as patents impact consumers and suppliers in these markets?
Describe the role of Banking and Financial Intermediaries in the economy and how banks create money through lending, as well as the Deposit Expansion Multiplier.
Which of the following would definitely not be included in the measurement of GDP? When the overall level of prices in the economy is increasing, economists say that the economy is experiencing.
Many people regularly commute from the suburbs to downtown Pleasantville. Due to traffic congestion, the trip takes 30 minutes when you travel by highway but only 15 minutes when you go by side streets.
What is the line on the production possiblities graph that shows the maximum possible output?
The problem is belongs to economics and it is explains If a government pegs the value of its currency to another currency, the government must stand ready to i. _____________ the "hard" currency to defend the pegged value of its own currency.
What was the elasticity of demand at last year's price of $6? At what price would the total expenditure on jelly beans have been largest?
Cash Flow Analysis-Gathering data relating to current cash inflows and outflows
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