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Fiscal Policy : Solution set
Need help wit the following question:
The U.S. Congress is currently debating the new budget. Most Republicans want to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
Should federal spending be drastically reduced? Yes or no?
Elucidate is the fiscal policy expansionary or contractionary.
Explain how does the Central Bank measure the money supply in the contary. Does the Central Bank have an interest rate policy.
Explain how did Lucas contribute to the development of the Keynesian economics. What was his concern with economic growth and development.
If Tarzan also Jane are each nation willing to give-up on hour of patrol for 2 pounds of fruit, is the current allocation of Cheetah's time Pareto efficient.
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
Find out the utility with full insurance for the treatment also how much would the individual be willing to pay to obtain such insurance than the fair premium.
Findout the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Illustrate the difference in the price elasticity of demand for an individual firm in a perfectly competitive industry as compared with a monopolist.
Testifying at a price fixing trial involving Cargill Corp. and the market for chicken growth hormone, (in which the Cargill is one of only three firms worldwide), an executive for Perdue said
Illustrate what do each of the following seek if they pursue their own self interest: consumers, resource owners, and business firms.
Please evaluate the effect of the following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
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