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Q1. Assume the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. Explain how will this combined tax-transfer policy affect aggregate
If the AD shortfall is $800 billion also the MPC is 0.8,
(a) Explain how large is the desired fiscal stimulus?
(b) Explain how large an income tax cut is needed?
(c) Alternatively, Explain how much more government spending would achieve the target?
Q2. 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? Explain how will this affect wages also number of workers in h1 construction?
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
They found that getting larger was painful it involved a lot of new administrative infrastructure to get everything organized
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
Do you see our communities growing closer together or further apart. One page double spaced.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
A cousin of James Darwin, examined the relationship between the height of children and their parents
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
If American cheese also cheddar cheese are substitute afterward which of the following would increase the demand for cheddar cheese.
What are some of the other key roles in the Planning Process.
Suppose the interest rate lowered to 3.75%. What would be the market price of the bond.
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