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John Maynard Keynes was the first to show that government policy could be used to change aggregate output and prevent recessions by stabilizing the economy. Describe the economy of the world at the time Keynes was writing. Describe the economy of the United States today. What measures were being proposed by the Presidential candidates in the election of 2008 to prevent or end a recession in 2008-2009? Where the actions taken appropriate from the standpoint of John Maynard Keynes? Did they have the desired effect?
Why does faster technological progress lead to more rapid accumulation of human capital?
Marshall, in another portion of his book, states that land is but a particular form of capital from the point of view of the manufacturer. Is this a contradiction? Explain.
a. Find the optimal soulution using the graphical soulution procedure and the value of the objective function b. determine the amount of slack or surplus for each constraint c. suppose the objective function is changed to max 5A+2B.
Based on your research, write an 6-8 page paper that researches the concept of internet telephony, as well as providing an analysis and comparison of several telephony technologies currently available.
Who are your top 2 global competitors in the market?
Determine the diameter of the smallest shaft that can be used and its corresponding angle of twist. For the steel, use a working shear stress of 12 000 psi and G = 12 × 106 psi.
(Crowding Out and Capital Formation) In earlier chapters, we've seen that the government can increase GDP in the short run by running a budget deficit. What are some long-term effects of deficit spending?
determine the difference in taxes paid in year 2
a company is considering buying workstation computers to support its engineering staff. in todays dollars, it is estimated that the maintenance cost for the computers (paid at the end of each year) will be $25000, $30000, $32000, $35000, and $4000..
currently fans pay ave ticket price $5 and consumes $4 worth of refreshments at the game. Management thinking of raising the ticket price to $5.50. Compute the % in 1) tickets sold 2) ticket revenue 3) total revenue from admissions and refreshment..
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car deal..
Determine the quantity demanded,the quantity supplied, and the magnitude of the shortage if a pride ceiling of $30 is imposed in this market. Also, determine the full economic price paid by consumers. What are the equilibrium quantity and price in ..
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