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In order to reduce the high inflation and high unemployment of the 1970s, the Federal Reserve decided to raise interest rate to astronomical levels. How can high-interest rates cure high inflation and high unemployment? What are the consequences of such a policy?
What are the three actions that the federal government can take to fight recession using fiscal policy?
Identify and discuss expectations of changes in economic, financial, and international conditions in the near future. Also, identify the role monetary policy could play (if any) in resolving these problems.
How is the topic of the minimum wage currently being discussed by congress? Do you think there should be an increase in the minimum wage? Discuss fully with two examples to support your position. How do you think it would affect unemployment? Explain..
Illustrate what is total subsidy that firm receives at this optimal level of emissions? total abatement cost of firm at optimal level of emissions.
The Wilson Company's marketing manager has determined that the price elasticity of demand for its products equals.
The demand for luxury goods is more price elastic than is the demand for necessities. Why do you believe this is the case or if you disagree explain your reasoning?
The market supply curve for a perfectly competitive, constant cost industry is
How are individuals impacted by the financial markets? How does the financial markets impact economic growth? Venture capitalism and risks? How does healthy financial markets create jobs?
Given the following demand and supply curves: (a) Qd= -P+10 and (b) Qs=P. (1) calculate and show the inverse demand function, graph the two lines, and both calculate and label the consumer surplus and producer surplus. add an additional line for marg..
Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair? (9 poin..
Suppose that the short-run price elasticity of the supply of gasoline is 1.6. If the price falls by 5%, the quantity supplied will change by _________.
Decide whether the demand for paint is elastic, unitary elastic or inelastic. Explain you're reasoning also interpret your results.
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