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In a at least two page long report showing your thinking (not quotes) discuss one major idea from the Macroeconomics as reviewed in the textbook, class lectures or discussion that answers this question: how does that idea relate to the current economic climate in the US or another country (feel free to pick). Deadline selected is a hard deadline. Attached are some of the lecture notes to use in the report. If you use data from the lecture note and need to cite please put a placeholder in and I will fill in the blank. Example : economics blah blah blah [ LECTURE CH09 ]
Compute and interpret the compensating and equivalent variations for this tax.
Describe the following from an economic perspective and give numerical examples:
Explain the structure and function of the Federal Reserve System. - How the Reserve Requirement Ratio (RRR) is essentially the same concept as the MPS?
Paper currency is the most easily recognized form of money. How well does paper currency serve the functions of money if we have an inflation rate of 50-percent per year.
An analyst is trying to determine the net social benefits generated by the city's public swimming pool. At the current admission price of $1.00, 400 individuals visit the pool annually. The total cost of the pool is $800 annually. Thus, the pool r..
Suppose elasticity is -2,price is $10, and marginal cost is $8, should you raise or lower price?
Suppose Home has 100 units of labor and 200 units of capital, while Foreign has 300 units of labor and 150 units of capital. Under free trade, which country would export cloth? Which country would export food? When the two countries start trading,..
Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime soft drink, PepsiCo would continue to earn a $200 million profit, and Coc..
Define the cross-price elasticity of demand and What information does it provide - What is total revenue? How is it calculated?
Determine the impact on each of the following if a 2 million formerly unemployed workers decide to return to school full time and stop looking for work:
suppose that glitter gulch a gold mining firm increased its sales revenues on newly mined gold from 10 million to 20
Why is it that taxes tend to have a smaller multiplier than government spending? If government spending and taxes were both to be increased by the same amount, would there be any change in income? Why or why not?
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