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Fiscal policy is in the news all the time. When the President talks about spending tax money to address the needs of our country he is really talking about fiscal policy. Many states are behind in their payments to nursing homes like the one pictured above (picture not important). In my state of Ilinois, Medicaid payments to this nursing home were running eight months behind. You and I must pay all of our bills on time yet the states and federal government never seem to pay their bills on time. Can, and should, we make our legislators pay their bills on time?
Social Security Do you think the federal government should increase spending on Social Security and Medicare for the elderly? If not, how should the elderly fund retirement and medical costs? Provide research support for your positions.
John advertises his used car for $5,000 in the newspaper. He would be willing to sell his car for as little as $4,000. Bill values the car at $4,800 but offers $4,500 for it and John accepts. How much producer surplus is created by this trade? How mu..
assume that the total value of the following items is 780 billion in a specific year for upper mongoose net exports 50
Fearing inflation, it wants to increase taxes so which the net change in the equilibrium level of GDP is zero. By Elucidate how much taxes should be increased
Presently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply.
The purchase of treasury securities by the Federal Reserve will, in general
What type of inflation occurs if workers ask for higher wages and firms must raise product price in order to pay their workers?
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
a friend of yours is considering two cell phone service providers. provider a costing 120 month for the services
Show transcribed image text The US has experienced large and growing current account deficits for more than 20 years, whereas Japan has experienced large and growing current account surpluses for roughly the same period. Explain how this might affect..
Suppose that a car was produced but not sold in 2011. The car could still be sold in 2012. According to the book, the car would be counted as part of:
If demand falls, what should happen to a monopolist's price, output, and economic profit? (Ensure question is answered completely). What is outsourcing? Describe (3) advantages and (1) disadvantage a firm has when they use this strategy.
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