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Which of the following makes discretionary fiscal policy more difficult to use appropriately?
a. The time it takes law makers to pass fiscal policies
b. the amount of the budget that congress can actually change
c. The fact that forecasting the economy in the future is very difficult
d. all of the above
John and Daphne have accumulated $15,000 in their college savings account (at t = 0). Their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). Then they plan to make 3 equal annual contribution..
Suppose nominal GDP rose from 6250 billion in 1995 to 6630 billion in 1996. If the GDP deflator rose from 125 to 130 during this time, what was the percent growth in real GDP? Given the data in part (a), what was the rate of inflation for goods and s..
Graph the individual's budget constraint taking account of both Social Security benefits also the possible withholding of these benefits based on the individual's earnings.
Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..
Elucidate why those rates may be more meaningful as a measure of change across time than the actual numbers of those events."
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
What is the value of the covariance between the initial investment W0 and the investment value at the end of the month W1? Are those variables independent? Compute E[W1], Var(W1) and sd(W1).
How would an economist respond to the opinions expressed in this documentary? What aspects of the current food system would an economist view as a positive development?
Suppose that consumer price index at year-end 2011 was 150 and by tear-end 2012 had risen to 160. What will be the inflation rate during 2012?
A major problem for the implementation of privatization during the early years of transition in the formerly planned socialist economic systems has been
What is your interpretation of the phrase “act local, think global”? How would you use this knowledge as a global leader?
Duopolists A and B face the following demand curves: QA = 100 - 2PA + 5PB and QB = 120 - 3PB + 4PA. If both firms have zero marginal cost, what are the profit-maximizing prices and quantities?
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