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Suppose that new government spending increases lifespans. In our model what should be the effect of this on hours worked per person in a given time period? Does it matter whether government spending adds extra years to the lifespan of living adults without improving their morbidity or if it expands both the peak and end years by equivalent amounts? What evidence exists for the predictions you have made that you are aware of? ( This is one period closed-economy model)
List reasons why California can be sustainably governed for the near-future effectively. List reasons why this is unlikely to be the case and why. That is, why California is impossible to govern and will become an increasingly unstable and unsustaina..
Consider a closed economy and a small open economy. Derive the goods market equilibrium for each economy numerically and graphically. Be sure to explain what you are doing.
q1. in country a the opportunity cost of a ton of cereal is 100 gallons of beer. in country b the opportunity cost of
q1. in reference to financial perspective you have financial perspective customer perspective process prospective and
Illustrate what evidence does GI present to support the view that Canada had entered a recession
If the composite good costs $1, what is the price of good x in each of the three budget lines? Draw the income and substitution effects of a price decrease from the most expensive to the second most expensive on the figure above. Draw the income and ..
Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully-depreciated vans, which you think you can sell for $3,300 apiece and which you could probably use for another 2 years ..
In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the federal reserve made a large amount of new funds available to financial markets. Any of these loaned out by banks would be classified as __________ of t..
Suppose that the demand for dollars curve in the foreign exchange market is QD=100-e(Peso/$) and the supply for dollars curve is given by QS=3e(Peso/$). What is the equilibrium exchange rate? Suppose that the Fed fixes the exchange rate at e(Peso/$) ..
During 2003, we began to stop worrying that inflation was a problem. Instead , we began to worry about deflation, a decline in the price level. Assume that the central bank ( federal reserve ) decided to hold the money supply constant. What impact wo..
Suppose that P1=10 and Q1=20; P2=20 and Q2=10. Suppose that price elasticity of demand is -1 for P=4, Q=10. Calculate marginal revenue for this point on the demand curve. Suppose price elasticity of demand is equal to -2 at a price of 4. If you incre..
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
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