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describe the beliefs that Keynesian and classical economists hold about the role of the government in managing the economy and the business cycle, and the foundation and reasons for these beliefs. Which of the two schools' approaches do you find more credible? Why?
There is always debate regarding the structure of current income tax system in United State Many opponents of the current system argue that under its current structure,
Why do virtually all societies create something to function as money and how did the combination of increased holding of excess reserves by banks and currency by the public lead to bank failures in the 1930s?
Illustrtae what does the agent choose if the terms are worse than actuarially fair.
Exchange and markets, Demand supply and market equilibrium
Suppose that individual forecasts of a particular interest rate are normally distributed with a mean of 10 percent and a standard deviation of 1.6 percent. (Round k, Q1, and Q3 to three decimal places, and round percentages in part a to the neares..
Illustrate what type of fiscal policy did the Congress enacted while the effects of Hurricane Katrina.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
Discuss the use of Gross Domestic Policy (GDP) to measure the business cycle. Discuss the roles of government bodies which determine national fiscal policies.
Assume the Chinese government abandons the peg and allows the yuan to float.What would be the effect on Chinese imports and exports.
What are primarily intended to address the problem of insuring people who do not have health insurance? Would a public national health insurance system reduce total spending on health care in our economy?
A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax of $100 million on the monopolist.
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