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In trade negotiations with the Japanese over the large US trade deficit with Japan, the US administration has urged the Japanese government to undertake a more expansionary fiscal policy. Explain how this might affect the US trade deficit with Japan.
How does John Howard's "baby bonus" which consists in providing a lump sum of cash to parents upon the birth of a child will affect WAGES and LABOUR PRODUCTIVITY as well as POTENTIAL GDP and REAL GDP?
Suppose you know that Canada's GDP in 1999 was $900 billion, and Canada's GDP in 1933 was $9 billion. What judgment about the change in the economic well-being of average Canadians could you make? Explain.
Compute the total revenue, the total cost, and the profit at the end of each year if the hospital continues to use the traditional method for surgical operations.
Search the Web or Library databases to find two credible sources that examine the concept of comparative advantage, either in a theoretical or case study context. In your first post to the Discussion Forum, describe what each source argues about c..
Explain why both nations with high living standards and nations with low living standards face the problem of scarcity. If you won $1 million in a lottery, would you escape the scarcity problem?
Nancy Tai has recently opened a revolving charge account with MasterCard. Her credit limit is $1000, but she has not charged that much since starting the account.
1. In the short-run when at least one factor is fixed, adding a variable factor such as one more worker should only be done if that worker can make the firm money, which is the same as saying that the diminishing MRP of labor must be greater than ..
Money is an interesting topic and there is much to learn that is not common knowledge regarding how we create money, especially money that is just printed!
Explain what is meant by a recombining binomial tree. State the advantage and disadvantage of using a recombining tree [vis-à-vis a non-recombining tree] to model share price movements?
ECON 3102 SPRING 2016, Rashid supervisor asked him to prepare a report mentioning the different objectives for the new firm
"The expansionary policies implemented in Australia in 2008/9 by the Rudd Government and the Reserve Bank of Australia were unnecessary and will result in a period of unwanted inflation".
In this economy suppose that taxes are increased by 975 so that the total amount of taxes in this economy is now 1175. What is the change in real GDP (Y) predicted by the Keynesian Cross diagram?
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