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What are the problems that government may encounter in enacting and applying fiscal policy?
A monopolist produces and sells 400 units at a price of $40 per unit. The monopolist's marginal cost is equal to $15 and average cost is equal to $23. The monopolist's profit is?
The following model is a simplified version of the multiple regression model used by Biddle and Hamermesh (1990) to study the tradeoff between time spent sleeping and working and to look at other factors affecting sleep: sleep =b0 + b1totwrk + b2e..
Use quintiles to briefly summarize the degree of income in equality in the united states. how and to what extent does government reduce income inequality?
The more credible the policymakers who pursue an anti-inflation policy, the more successful that policy will be. Is this statement true, false, or uncertain? Explain your answer.
How might restrictions on private financial account transactions alter the problem of attaining internal and external balance with a fixed exchange rate? What costs might such restrictions involve?
show that the exchange rate will also appreciate immediately in proportion to the rise in P*. If the economy is initially in internal and external balance, will its position be disturbed by such a rise in P*?
According to a short article published in The Wall Street Journal on September 18, 2015, "The dollar extended declines against ... Japan's yen after Thursday's sharp losses against a broad range of currencies.
What are the strengths and weaknesses to the United Kingdoms long-run growth strategy?
Explain how a bank's ability to create transaction deposit accounts through loans creates money.
During the Great Depression, the US economy experienced many bank runs, to the point where people became unwilling to keep their money in banks, preferring to hold on to their cash.
What would be the production possibility frontiers for Brazil and the United States? Without trade, the United States produces 45,000 units of clothing and 150,000 cans of soda. Without trade, Brazil produces 75,000 units of clothing and 30,000 cans ..
a. Calculate the effective rate of protection if there is no duty on steel imports. b. Calculate the effective rate of protection if the importing country imposes a 20% tariff on steel imports. c. Suppose it also takes $4000 worth of copper (besides..
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