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1) Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol?
2) Why is it unlikely that a firm would sell at a price where its demand curve happens to be price inelastic?
q.consider a perfectly competitive market in which the market demand as well as curve is given by qd 20 - 2pd as well
You promise to cut tax rates, increase transfers and government purchases, reduce the governments budget deficit and reduce the governments debt as a fraction of the gdp. If elected, is it possible for you to keep all of your campaign promises.
An incoming engineering student (age 18) expects to get a job that pays $53700 per year starting four years from now, and can reasonably expect that that salary will increase at a rate of 3.6% per year throughout his career. If he is planning to reti..
A new law requires that all construction workers in your area belong to a labor union. Will this shift the labor supply curve, demand curve if both in home construction.
Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy. Illustrate what effect would your suggestions have on production and employment.
Elucidate in which country is an expansionary monetary policy likely to have a larger effect on aggregate output. Explain your answer using aggregate supply and aggregate demand curves.
q1. at daves current consumption bundle involving positive units in both hot dogs and sodas his marginal utility for
q.assume that when an economy has a gdp of 500 consumption is 550. the mpc is .75. investment is 25. begin the problem
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
What sort of relationship would you expect to see between the price of bonds and the interest rate?
q1. if the us economy is operating near full employment and the exchange rate increases the dollar appreciates explain
Illustrate why are companies using more technology input while reducing labor input. Why are the Average Cost Curves U-shaped.
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