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True or false: Monetary and fiscal policies can often change simultaneously. In the early 1980’s, the U.S. government cut taxes and ran a budget deficit and the Federal Reserve pursued a contractionary monetary policy. Given that the government’s goal was to raise investment while keeping output constant, the policy they chose was adequate in helping the government reach their goal.
In the Netherlands, all men take a military pre-induction exam at age 18. The exam includes an intelligence test known as "Ravenís progressive matrices," and includes questions about demographic variables like family size. What is the population? the..
During the last year, the demand for books has been falling. At the same time, some industry observers expected that several smaller book manufacturers might exit the market due to the strong competition imposed by Kindle. Can you tell for certain wh..
q1. why i having a nominal anchor important for you to achieve inflation targets ? what is the drawback of using a
A diminishing marginal rate of substitution implies that indifference curves are
explain why the actual increase in M-1 will be smaller than that indicated by the over smplified multiplier.
Suppose that the demand curve faced by a particular firm is given by q = 300 – 5P. Could this be a perfectly competitive firm? If it is optimal for the firm to produce a positive amount of output in the short run, how much should it produce?
What is the equilibrium level of national product? What is the government's budget surplus?
Which of the following is a positive externality? The Coase theorem allows society to correct an externality without having to go through the trouble of defining property rights. Market failures can arise when: Anytime pollution is created during the..
Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 ... Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 – Px 1f Px =$30 2. Qx=14 - ½ Px 1f Px=$20 3. Qx= 300 -2Px 1f Px =$45 Find consumer surplus for all 3 of them.
In 1995, several tax bills were debated in Congress that would have provided greater tax incentives for saving. (None were enacted.) If such saving incentives had been enacted, and had been successful, how would the consumption function have shifted?..
"On a supply-and-demand diagram, equilibrium is found"
Monopolistically competitive firms
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