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Question: Government purchases: Suppose Congress and the president decide to increase government purchases today, say for national defense. Explain how this affects the IS curve. How does your answer depend on the way in which the spending is financed and on the extent to which Ricardian equivalence holds? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Identify and explain two problems that prevent insurance companies from offering layoff insurance.
Explain a situation using the supply and demand for skilled labor in which the increased number of college graduates leads to depressed wages.
A firm sells specialized electronic computers. Each of the computers has a unique chip produced at a California plant at cost of Cw(Qc)=Q^2 c
eople sometimes use the expression, "Kicking the can down the road." It refers to putting a big decision off until later-it's almost (but not quite!).
Use Microsoft Excel to plot the cost curves (annual holding cost, annual order cost and annual total cost) on the vertical axis, and the order quantity.
Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce it and takes a month.
What are the major components of the current account in the balance of payments? How is the current account balance determined?
In this assignment, you will demonstrate your ability to meet the following course learning objectives. Recall and restate the 8 steps of policy analysis, including theories and methods associated with each (stretching beyond Bardach)
Suppose a firm is operating in perfectly competitive product market where the price of its output can be sold at the price p=$10. The firm can hire any number of workers at the wage of W=$50.
How does your deposit change the Bank's T-account? Show the T-account changes - Why do some economists claim that we should not worry too much about inflation at this level?
In what ways do you think information useful for investors (in assessing future cash flows) differs from that useful for creditors (in assessing default risk)?
what would this price be in order to eliminate the deadweight loss. Show and explain. Why would the monopoly not charge this price? Show and explain.
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