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Discussing Government Budget Deficit & Unions
1. What is a government budget deficit? How does a federal budget deficit affect the economy? How does it affect the level of investment and interest rates? How does it affect the individual consumer? Give at least three examples in your response.
2. Are unions good or bad for the economy? How do unions at GM and Ford affect employment levels and wages? How do unions affect other industries in terms of employment and wage levels?
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. Illustrtae what is the growth rate of its real GDP.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
CEO pay appears to be on the rise again. Also executive pay in the US is about 20 times higher than it is in European countries.
This does not required to be loaded with information just basic overview with some graphs, and some notes on the history of Japan's economy and their update.
Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.
Illustrate what would be the consumer purchasing response to Coca-Cola if the price of Pepsi doubled.
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
The company is risk neutral and so maximizes expected profits net of wages.
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Assume that the payouts of the game were changed (if necessary) such that it results in gamblers having a positive expected value.
The supply curve for labor is S L = 100W, where W is the market wage. The marginal revenue product curve for the firm is D L = -50W + 450.
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