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Evaluate the current state of the U.S. economy and explain how a Keynesian, Monetarist, and Neoclassical Theorist would each propose promoting economic growth. Discuss the cause and effect variables that each theory uses to explain business cycles.
The US government decides to reduce the government budget deficit by increasing taxes and keeping government expenditures at the existing level. What are the effects of increasing taxes in the short and medium run for the US economy? Is it possible t..
Suppose that one canister of Pringles costs £25, that of Macadamia Nuts costs $5 per can, and that the relative price of Macadamia Nuts in terms of Pringles is 3 cans per canister. Figure out the following: The dollar-pound exchange rate, i.e. the pr..
Depend on this information, which market structure best characterizes the industry in which Forey competes.
A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year
Explain how are presidential election outcomes related to the performance of the economy.
The government wants to eliminate the inflationary gap by changing expenditures. What policy do you suggest? By how much will unemployment change after you policy has taken effect?
In the production function Q = 10L1/2K1/2 calculate the slope of the isoquant when the entrepreneur is producing efficiently with 9 laborers and 16 units of capital. (Hint: The slope of the isoquant = the ratio of the marginal product of labor to the..
Briefly summarize Portney's overall assessment of the 1990 Clean Air Act Amendments, and discuss the major implications of these findings for society.
q.youre the manager of global opportunities for a u.s. manufacturer who is considering in europe expanding sales. as
Alinsky, Rules for Radicals, pp. Oct. Models of Power CASE: What a Star-What a Jerk (Classpak #1). Case questions: - What, if anything, is Andys problem? - What, if anything, should Jane do about Andy?
The benefits from international trade include
Suppose the market for wheat is perfectly competitive. Fed up with low prices, a wheat grower in Texas decides he won't take his output to market and, instead, dumps all his wheat into the Red River. What happens to the market price of wheat?
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