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a. If the government were to reduce income taxes, how would the reduction affect output and the price level in the short run? In the long run? Show how the aggregate supply and demand curves would be affected, in both cases.
b. What is supply-side economics? Is it likely to be effective, given your answer to (a)?
What happened to the United States in the aftermath of Cloverfield attacks? This requires speculation on your part, remember that we as the audience are watching a classified document from the Department of Defense.
The year is 2020 and the U.S. airline industry has been radically transformed through a recent wave of mergers. Only one company, MONO Airlines, has managed to survive the succession of price wars, labor-management disputes, and government policy.
Consider a consumer with the utility functionU(X,Y)=10Min(X,Y) , where Min is the minimum ofthe two values of X and Y. If the prices of the two goods are Px=$4 andPy=$8, and the consumer income is $60.
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the official unemploymen..
Full-employment level of real output is $250 and the initially the price level is 100. Use the short-run aggregate supply schedules above to answer the questions that follow a)What will be the level of real output in the short run if the price leve..
Consider a bank with the following income statement: It has $100 in loans with an interest rate of 5 percent; $50 in security holdings, paying 10 percent; reserves of $10; $100 in savings accounts that earn an interest rate of 2.5 percent.
What changes are occurring in the economy or concerning licensing and regulatory factors that must be considered in the future for health care economics in the united states?
the table below sets out some data for country x in 2007.nbspnbspnbspnbspnbspnbspnbspnbsp item nbsp nbsp nbsp nbsp
The construction of a dam will cost $1,000 at time 0, $500 in year 1, $500 in year 2. It will be completed at the end of year 2. Beginning in year 3, maintenance costs will be $100 per year through year 10. From years 11 on, maintenance costs will..
Suppose that for given labor-market conditions [the variable you identified in part (b)], worker bargaining power throughout the economy increases. What effect would this have on the real wage in the medium run? in the short run? What determines t..
WHAT FUTURE AMOUNT OF MONEY WILL BE ACCUMULATED 10 YEARS FROM NOW BY INVESTING $1000 NOW PLUS $2000 FIVE YEARS FROM NOW AT 6% INTEREST COMPOUNDED SEMI-ANNUALLY
bz a 1 4y b 2 3x c 3 2w d 4 11- find the diagonal and off-diagonal elements of b2- find the transpose b3-
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