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Q. Consider the following two statements:
1) If the government raises marginal income tax rates on society, and then rebates the tax revenue back to households, economic theory predicts very strongly that this will reduce labor supply.
2) If the government raises your marginal income tax rates and uses the money in a way that does not affect you in any way, economists do not know what will happen to labor supply. Can these two statements both be true? Explain.
The developing country uses the $100 bank balance to import $100 worth of food from the United States (US).
Compare the supply and demand conditions in both locations. How many people live in each place.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
Sets out the aggregate demand and aggregate supply schedules in Japan. Potential GDP is 600 trillion yen. What is the short-run macroeconomic equilibrium.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
What is your thought about tracking the U.S. Economy and Unemployment and Inflation.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
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