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Congress votes a special one-time $1 billion transfer to bail out the buggy whip industry. Tax collections don't change, and no change is planned for at least several years. By how much will this action increase the overall budget deficit and the primary deficit in the year that the transfer is made? In the next year? In the year after that? Assume that the nominal interest rate is constant at 10%.
What is the relationship between Ybar and myuY?explain in details
If the CPI was 120 last year and is 144 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 120 last year and is 114 this year. What is this year's rate of inflation What term do economists use to describe this seco..
A recent newspaper circular advertised the following special on tires: "Buy three, get the forth tire for free-limit one free tire per customer." If a consumer has $500 to spend on tires and other goods and each tire usually sells for $50.
Maintenance expenditures for a structure with a 20-year life will come as periodic outlays for overhaul of $4,000 at the end of the 5th year, $6,000 at the end of the 10th year, and $7,500 at the end of the 15th year. With interest at 8%, what is ..
What is a national innovation system?
In the financial market model, we are modeling in what form people want to hold their fi- nancial wealth - the value of financial assets minus financial liabilities. Note that wealth is not the same thing as savings or income.
Population variances of the test scores for the two sections are the same? Be specific about the null and alternative hypotheses and show the steps of your test and indicate your conclusion.
1. a sample of irish households shows the following size distributionhousehold sizefrequency133241326424514657181a
Refer to the simplified balance sheet for a bank and answer the following questions. Assets Liabilities Reserves $10,000 Deposits $70,000 Loans $66,000 Stockholder's equity $6,000 a. If the required reserve ratio is 5 percent, how much in excess rese..
If the cross-price elasticity of aluminum with respect to steel is 2.0:a) what happen to the quantity demanded of aluminum if the price of steel increases b) Are aluminum and steel substitutes or complements
Consider a 2 good exchange economy with 2 consumers. Consumer A'spreference is u(x1,x2) = lnx1 + ln x2. B's preference is represented by U(x1,x2) = 2 ln(x1) + ln (x2). Suppose the initial endowments are (5,7) for A and (10,8) for B.
Consider the general two-commodity market model: QD1 = f0 + f1P1 + f2P2 QS1 = a0 + a1 P1 + a2P2 QD2 = f0 + f1P1 + f 2P2 QS2 = b0 + b1P1 + b2P2 where the f and a coefficients pertain to the demand (QD1) and supply (QS1) functions of the first co..
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