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During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the "price gouging" and "windfall" profits of the major oil companies. In the 1970s Congress imposed an "excess profits tax" on these companies. It did not do so this time? What does this change show about how our understanding of the way the price system works to allocate resources has evolved? If "excess profits" are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
the changing business environment requires organizations to find creative ways to compete with others in their industry
you cats summer kitty-cottage needs a new roof. you are considering the following two proposals and feel a 15-year
Pneumonia and unfortunately my professor refuses to allow an extension for my assignment despite countless doctors notes. Honestly, I am still so sick that I can't really form long coherent thoughts in my head to fully complete this assignment. Any h..
Identify three criticisms of GDP as a measure of economic activity.
If producing at (290, 200) what is the cost of producing 10 more consumer goods? What about 20 more producer goods? If another nation asks our nation to produce 240 consumer goods so that it can trade 30 producer goods for our 40 consumer goods must ..
What does the Federal Reserve say about the current state of the economy?
The natural rate of employment depends on the stock of capital, which in turn obviously depends on investment expenditure. The natural rate also depends on technical progress, which is also likely to depend on levels of investment and research and..
Question 2: Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail.
Considering the relative financial contributions it imposes on individuals such as these, would you support and why?
Find the equation for planned aggregate expenditure as a function of output and the real interest rate - Calculate the level of short-run equilibrium output at each inflation rate.
Given a closed economy without a government sector, modify the IS-LM model by the assumption that saving and investment are identical (i.e. equal under all circumstances and not merely in equilibrium) and answer the following: What is the level of..
Identify the 5 Ks of Sikhism, and explain which one intrigues you the most - Explain at least three ways that social trends affect the formation of new religions and dictate new religious movements.
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