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Suppose that real GDP is currently $17.1 trillion, potential GDP is $17.4 trillion, the government purchases multiplier is 2, and the tax multiplier is -1.6.
a. Holding other factors constant, by how much will government purchases need to be increased to bring the economy to equilibrium at potential GDP?
b. Holding other factors constant, by how much will taxes have to be cut to bring the economy to equilibrium at potential GDP?
c. Construct an example of a combination of increased government spending and tax cuts that will bring the economy to equilibrium at potential GDP.
If your child is born today, how much will you need to put away per year, at end of each year through your child's 18th birthday, so that no additional payments need to be made after year 18
(library research) Explain (a) in what way the US trucking industry exemplified the capture theory hypothesis of government regulation prior to the passage of the Motor Carrier Act of 1980 and (b) the result of hte passage of the Motor Carrier Ac..
A government has decided to phase out its antipoverty program support payments more slowly to help the near-poor become self-sufficient. One criticism about this policy is likely to be
consider the following lp problem developed at jeff spencers san antonio optical scanning firmmaximize profit 1 x1 1
If the ce If the of Pepsi-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then, (according to the arc price elasticity formula,the same formula used in class).
Can forest harvesting still be ine?cient even where tenure is given on a individual basis and is secure. Why or why not.
Represent in a diagram the two-player extensive game with perfect information in which the terminal histories are (C, E),(C, F),(D, G), and (D, H), the player function is given by P(Φ) = 1 and P(C) = P(D) = 2. Player 1 prefers (C, F) to (D, G) to ..
Which product experiences a larger change in price and which product experiences a larger change in quantity
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at th downtown loaction plus the cost of making the move. THe other parnter at the PBS opposes the moves.
Compute the mean and standard deviation of the damage in any year and determine the expected value of X, E(X), and expected value of Y, E(Y).
During the course of a year, the labor force consists of the same 1,000 people. eot to hire 20 of these people in the face of government regulations making it too costly to employ them. what is the frictional unemployment rate?
Write a paper on the case "Sky Wars: The Attempted Merger of EchoStar and DirecTV (2002)" in MICROSOFT WORD.
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