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Which policy in the box below would be one that a Keynesian economist might suggest to the government in order to help the economy reach full employment? Show the effects in the graph below if the economy successfully reaches full employment.
Woody's utility function is U(C, R)= C- (12-R)^2, where C is his consumption and R is the amount of leisure he has per day. He has 16 hours a day to divide between work and leisure. He has an income of 20$ a day from non-labour sources. If Woody can ..
Ryan expects to deposit $1,000 now, $3,000 four years from now, and $1,500 six years from now in an account that is earning 12% per year compounded semi-annually through a company-sponsored saving plan. What amount can he withdraw ten years from now?
Assume the current market price of candles is such that there is a surplus.
What exchange is Netflix listed? What are the listing requirements for that exchange and how does Netflix compare to those requirements?
You are the manager of a firm that receives revenues of $175,000 per year from product X and $50,000 per year from product Y . Both products have similar production costs. The own price elasticity of demand for product X is -1.5, and the cross-price ..
Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?
Between 2000 and 2009, several industrial nations, including Germany, Japan, Austria, Spain, Italy, Sweden, and Greece experienced a contraction of their working populations. This trend is expected to continue in the coming decade. How will it affect..
Suppose the demand for olive oil is highly inelastic. Also suppose that the supply of olive oil is fixed for the year. If the demand for olive oil suddenly increases because of a shortage of corn oil, would you expect a ________ in the price of olive..
Explain each of the four components of GDP. An individual has 10$ million on deposit in a financial institution drawing interest. That individual has no reason to fear inflation or recessions.
If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity?
Discuss the power of compound interest and why compounding makes it important for people to save and invest for retirement early in their working life rather than waiting until they are close to retirement.
Illustrate what Monetary Approach Tools should the Federal Reserve utilize to fight inflation. Describe them thoroughly.
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