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What would happen if no one tried to manage the business cycle? What role do you see for the Executive Branch of the U.S. government in managing the business cycle? How does Fiscal Policy work? What are its limitations?
Calculate the percentage change in nominal gdp, real gdp and the gdp deflator in 2008 and 2009 from the preceding year. for each year identify the variable that does not change. explain in words why your answer make sense.
After paying the movie distributors and meeting all other noninterest expenses, the owner expects to net $2 per ticket sold. Construction costs are $1,000,000 per screen. What is marginal benefits and marginal costs.
In a large city, a good, real-world example for perfect competition would be. A firm under monopolistic competition will earn
q.youre the manager of global opportunities for a u.s. manufacturer who is considering in europe expanding sales. as
Suppose that work hours in New Zombie are 200 in year 1 and productivity is $16 per hour worked. What is New Zombie’s real GDP? $. If work hours increase to 210 in year 2 and productivity rises to $18 per hour, what is New Zombie’s rate of economic g..
consider the problem of picking a price for an economics textbook. the marginal cost of production is constant at 20
Do you agree with this statement? Could you make an argument that these markets are not competitive?
What is budget deficit and how is it related to Government debt? What is cyclical adjustment to deficit and how does it help to understand the stance of fiscal policy? What is crowding out? How does budget deficit crowd out investment? Why a high lev..
Assume that the free trade unit price of a lamp is $200 and unit cost of an input for a lamp is $100. Given this information about lamp production in a country, calculate the effective rate of protection (ERP) afforded to the lamp industry by a 12% t..
If the company will sell the number of units obtained in part d and wants to maintain the same profit as last year, what will its new price have to be.
An investor bought a racehorse for $1 million. The horse's average winnings were $700,000 per year, and expenses averaged $200,000 per year. The horse was retired after three years, at which time it was sold to a breeder for $175,000. Assume accelera..
A market has a demand curve described by P=60-3Q and a supply curve described by P=20+2Q. Calculate Consumer Surplus
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