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From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:
Adhere to the following standards:
Suppose that in response to learning that some sick individuals were denied health insurance, the government mandates that insurance companies must offer insurance to everyone at unregulated rates.
Consider the following model of aggregate demand, in which there is no international trade, the price level is fixed, and the symbols are defined as in class (all dollar amounts in billions):
Suppose OPEC breaks apart and oil prices fall substantially. Initially, which curve shifts in the aggregate supply/aggregate demand model? In what direction does it shift? What happens to the price level and real ouput (GDP).
which of the following fiscal policy changes would have a larger overall negative impact on ad and rgdp? explain your
The purpose was to boost GDP through consumer spending. Can you find any evidence of its effectiveness? What about the tax rebate for new home purchases? Cash for Clunkers? How can government spending influence the economy?
Utilizing the supply and demand model, explain what would happen to the supply curve during a drought. Also explain the affect on the price of water.
Knowledge of the determinants of long run prosperity rank the countries in terms of their growth prospects.
if the head of the central bank of japan wanted to expand the supply of money in japan in 2009 which of the following
The government should not be in the organization of promoting renewable power, but should simply set a reasonable price on greenhouse gases
Explain the difference between the demand curve facing a monopoly firm and the demand curve facing a perfectly competitive firm.
View the following poorly design database design. Identify as many errors as you can find. Focus particularly on the following:
How does the textbook model of fiscal policy compare to real life application of fiscal policy in the present? Specifically, why is the textbook model limited? What does it ignore? Be specific.
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