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Category Amount:: Durable Goods $1,000, Non-Durable Goods 2,500, Services 7,000,Fixed Investment 1,800, Changes to Business Inventory 35, Investment in Stocks & Bonds 5,500, Federal Government Purchases 1,200, State/Local Government Purchases 1,800 ,Transfer Payments 575 ,Exports from the United States 2,000, Imports into the United States 2,600 Using the above table determine the amount added to GDP by calculating the amount added to each of GDP’s categories (Consumption, Investment, Government Expenditures, and Net Exports).
What can the central bank do, if anything, to counteract the short-run changes in output and prices? If the central bank does not take any policy actions, what will be the long-run impact of the electronic payments system on prices and output?
Compute the opportunity costs of going to each concert. Based on the Cost-Benefit Principle, which concert is the best choice.
Rent seeking:
You are given the following information about the economy of Nocoin: The banks have submitted of $300 billion, two thirds of which is in deposits with the central bank.
Evaluate the U.S. nursing shortage in terms of demand and supply.
Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair? (9 poin..
Under the household production model, the full cost of any activity equals:
Using the selected concepts and terms from your selected readings, prepare a 1,050-1,750- word paper in which you describe a negotiation situation that you have participated in
What is the cross elasticity of demand for pipes and pipe tobacco.
What does the elasticity of demand for labor measure? List and describe the three determinants of this type of elasticity.
Suppose that the Federal Reserve purchases $10 million in securities [T-bills] from First National Bank by increasing FNB’s account at the Fed. Use a T-account to show the impact of this transaction on FNB’s balance sheet. Remember that the funds a b..
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
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