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Most Social Security recipients do not currently pay federal or state income takes on their benefits. Assume the government proposes to tax these profits at same rate as other types of income. What is the impact of the proposed tax on the optimal retirement age?
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
When is international job an opportunity for workers. When is it a threat to workers. What are some of the major challenges confronting the international trading system.
Illustrate what are some polices the U.S. government could take to increase U.S. economic growth.
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
In recent years, consumption spending by households has accounted for about 70% of the total spending (aggregate demand) in the U.S. economy.
Show analytically and show graphically that, in Keynesian consumption function, the average propensity of consumption is always bigger that marginal propensity
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
What is the difference between the medium of exchange and the store of value? What is the difference between commodity money and fiat money?
What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?
Explain how will reduced smokers affect the GDP in the long and short run. What does increased revenue from cigarette taxes do to the deficit and budget.
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
Suppose that in a city there are 100 identical self-service gasoline stations selling the same type of gasoline.
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