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The current Federal Debt is above 18 Trillion dollars (over $55,000 per person in the United States). This represents over $12+ Trillion in new Debt in the previous 10 years. It is estimated that last year's deficit (Fiscal 2015) added another $1 Trillion to this total debt partially caused by all of the following: a stagnant economy, government stimulation, unemployment, our many war efforts, and our many entitlement programs. The implementation of the fiscal 2016 Buget, which began on October 1, 2015, will add another 1 Trillion. Future spending resulting from healthcare reform will add more trillions. During your time in this course the politcal posturing concerning deficits and debt will heat-up...this year is an election year.
Identify some of your economic concerns related to this massive debt. Who do we borrow from? How will we ever pay back this debt?
What will have to happen to stop the annual deficits and eventually move to a surplus that could be used to pay back the some of the accumulated debt.
Compare and contrast between internal and external growth strategy. Identify a range of factors which might estimate whether an internal or external strategy is pursue such a growth strategy.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
What impact would a change that shifts an economy's production possibilies curve outward have on the long run aggregate supply curve How have imporvements in computer technology affected production possibilities and the long run aggregate supply c..
Suppose that permanent income is find outd as the average of income over the past five years; that is Yp=(Y1+Y2+Y3+Y4+Y5)/5. Suppose further that consumption is given by C=0.9YP.
greece has few workers per unit of land while france has many workers per unit of land. steel is labor intensive and
For many firms, production takes place in two or more different plants whose operating costs can differ. In this question you will be asked to set up a multiple plant monopolist optimization model and economically interpret the marginal condition
Explain how many popsicles will be sold every day in the short run if the price rises to $2 each. In the long run, if the price rises to $2 each.
Wy might a parent company like McDonald Hilton choose to franchise its local outlet rather than own them and staff them with employees In many smaller cities all McDonalds franchise are owned by the same franchise.
Suppose after taxation that the consumer is given a payroll tax rebate that happens to be exactly equal to the amount of gasoline tax he pays. Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of reba..
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
Illustrate what effects could be taken, comprising monetary and-or fiscal policies
An article in Forbes discussed an estimate that the cost of materials in Apple's iPhone 5 with 64 gigabytes of memory was $230. Apple was selling the iPhone 5 for $849 (most phone carriers made payments to Apple that reduced the price to consumers..
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