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Question: If the full-employment level of Y is $250, what fiscal policy might the government follow? d. Suppose Y = $200, C = $160, S = $40, and I = $40. Is Nurd's economy in equilibrium
Illustrate what range of labor input is marginal product smaller than average product. What is happenning to average product as employment increases over this range.
It is proposed that Congress pass a fiscal stimulus package that includes tax rebates for individuals. Is this Keynesian or Monetarist policy. What do you think tax rebates would stimulate the economy.
Antitrust authorities at the Federal Trade Commission are reviewing your company's recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
A government is recently operating with an annual budget deficit of $40 billion. The government has determined that;
Illustrtae the marginal product of labor.
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
Long Run Costs Suppose the firm has only three possible scales of production as shown below: a. Which scale of production is most efficient when Q =65 b. Which scale of production is most efficient when Q = 75 c. Trace out the long-run average cost c..
Moreover, she can expect a 5% salary increase each year with this employer. Apply the concept of opportunity cost to calculate the economic cost (as opposed to the accounting cost, which would not factor in opportunity cost) of pursuing the MBA ov..
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
How would the four basic markets of the macro model (Aggregate Demand and Supply, Long Run Supply, Labor, Credit or Money, Capital change) change in response to the catastrophe in japan. Most importantly, how would the lines and curves in each mar..
The Fed should simply increase the money supply at the same ratethat the full employment economy grows, and the government shoulddesist from any stabilizing urges." What school of thought would make this suggestion, and how do economists of that scho..
Illustrate Wwat could it or should it have done differently. Please provide references to support your position.
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