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The U.S. Congress debates the new budget every fiscal year. Most Republicans want to reduce federal spending; most Democrats do not want to reduce spending and may, in some cases, seek to increase it. Choose a perspective, and in your post identify three reasons that the United States should, at present, seek to decrease or increase federal spending. In your rationale, be sure to reflect on the impact of government spending on GDP and national income. Draw on the readings from this unit (and other scholarly or journalistic sources, as appropriate) and units prior to support your assertions. Be sure to use APA format to cite sources.
An increase in the supply of a product can be shown graphically as a rightward shift of the supply curve. The graph will clearly show that we would expect the equilibrium price to fall and the equilibrium quantity to increase. Use a general solution ..
Assume that an employer believes that the “efficiency” (e) it can get from a particular worker, as a function of the hourly wage (w), is given by function e = –0.125w + 0.15w2 – 0.005w3, at least up to a wage of 30. Which wage gives the highest ratio..
Prepare a Cash budget for the Quarter ending 30th September 2014 and prepare a schedule of cash receipts from debtors for the period ending 30th September 2014.
Consider two workers with identical preferences. Phil and Bill. Both workers have the same life cycle wage path in that they face the same wage at every age, and they know what their future wages will be. Leisure and consumption are both normal goods..
Based on this example, discuss and defend whether or not big countries such as the United States should be worried about what is happening in small countries such as Greece. Elucidate general conclusions from this case that might be applied elsewh..
Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.
Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the United States?
what is the cross-price elasticity of demand between computers and CD-RW's? Are these goods substitutes or complements?
The economy begins in long-run equilibrium. Then one day, the president appoints a new chairman of the Federal Reserve. This new chairman is well known for her view that inflation is not a major problem for an economy.
Brief overview of monetary policy. Brief overview of the Board of Governors. What are Ben Bernanke views on the present state of the economy?
Investigate the distribution of income in the United States from the 1960's. The Bureau of Labor Statistics (bls.gov)or the US census government website census.gov may be good sites. Is wealth distribution and income distribution the same thing? Are ..
a. What is the effect on East Asia’s willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia’s good-growing seasons in food affect the equilibrium international price ratio?
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