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What are the observed intended vs unintended consequences of rent control and minimum wage legislation as it relates to employment, demand and productivity and ultimate impacts.
If C = 1000 + 0.75 x Disposable Income while investment is I = 2000 – 20r. If government expenditures are 0, the tax rate is 1/3, what is the equation of the IS curve? What are the values for r-intercept and the Y intercept?
What is the Institutionalist s theory regarding the instrumental and ceremonial aspects of production and distribution in Political Economy? Note: a discussion of the Veblenian dichotomy, and how it fits into the theory of distribution and production..
What are monopolist's profit maximizing output and price. What is resulting deadweight loss relative to competitive outcome. Suppose government levies a specific tax of $5 per dose on monopolist.
The famous Swedish economist Assar Lindbeck remarked in his book on rent controls, “rent control appears to be the most efficient technique presently known to destroy a city-except ofr bombing”. Why would Professor Lindbeck think rent controls are de..
Given that labor is a resource that needs to be used efficiently, what responsibility do you feel the government has in decreasing unemployment? Does the negative relationship between inflation and unemployment have any impact on your decision?
q1. what is the appropriate balance between private and public i.e. government activity? think of a case where the
Imagine the following goal of Lenin/Stalin at the beginning of the Soviet regime in Russia: to overtake (i.e. equal) and surpass the world’s industrialized economies in terms of GDP per capita. The country begins with relatively little capital, being..
Observational equivalence. (Sargent, 1976.) Suppose that the money supply is determined by mt =c′zt−1 +et,where c and z are vectors and et is an i.i.d. disturbance uncorrelated with zt−1. et is unpredictable and unobservable.
1 briefly describe how you would get the product to buyers in that same country through an international joint venture.
You receive a credit card offer with terms of 7.3% interest. When you read the fine print, however, you see that the interest is not the annual percentage rate (APR), but the amount being charged every month. What is the effective interest rate?
We measure economic growth by the percentage change in real GDP. In general terms outline the course of the U.S. output growth rate in recent decades, both in terms of its trend and its changes around trend. Pay particular attention to the stability ..
Suppose a Mexican immigrant to the US could earn $20,000 in the US and $4000 if she stayed home in Mexico. Also assume that she will live and work forever, and that her discount rate is 8%. If she does not migrate, what is the lowest possible implied..
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