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Recession and Fiscal Policies
1. How is a recession defined? Is the U.S. currently in a recession? Explain.
2. Assume you are an advisor to President Obama. What fiscal policies would you put in place?
Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.
Illustrate the notion that people are rational respond to incentives consider an experiment conducted by researchers at St. Luke's Roosevelt Hospital in New York City.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
If velocity is unchanged and the money supply grows by 13% and the real GDP grows by 4%, what is the rate of inflation?
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Tables John Walker is a regional sales representative for Jiffy Mowers Inc. and sells lawn mowers to stores in the Tri State area. Construct a table showing Walkers marginal sales per day in each state.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?
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