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Q. Watch the video titled "Fear the Boom and Bust". Using the tools of macroeconomics, identify the primary difference between the two philosophies. Choose a position and discuss the application of that position on today's current environment. Be sure to tell me what you would do, using the tools of economics, to stabilize this economy and move it to recovery.
Supply Curve and the Average Total cost
The long run ATC is like thisC= 30 - .01Q for Q <2 500C= 5 for Q>= 2500
Demand curve = 50-0.001Q
Draw the long-run supply curve (assume that cost of input does not increase as output increases).
Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
Describe the difference between Economic contraction and Economic expansion
Assume an endogenous growth model with labour augmenting technology.
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
Dependency theory characterizes countries as being either in the center or on the periphery
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
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