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Some states are required to balance their budgets at all times. When a recession starts, is this requirement stabilizing or destabilizing? Explain your answer
What conditions are are present that create perfect competition?
Two people from the military, General Equilibrium (player 1) and Major Inefficiency (player 2), have been stranded on an island after a shipwreck. General Equilibrium was able to salvage 50 bags of Spinach (X_1) and 50 pounds of rice (Y_1) from the s..
Suppose that the supply and demand for widgets is given by the following equations:
Clara's utility function is U(X,Y) = (X + 2)(Y +1). Write an equation for Clara's indifference curve that goes through the point (X,Y) = (2, 8). Suppose that the price of each good is one and that Clara has an income of 11. Write an equation that des..
Review the working of US Monetary Policy with the of monetary theory of the times involved. How do you reconcile the behavior of policy makers and theoretical developments of macroeconomics? Explain in detail.
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
U.S. economy, like any other economy is globalized. In that context, will the policy of "America first" help U.S. economy grow at a steady rate?
Econ 522 - Economics of Law - Calculate the consumer's demand, and his utility, in the absence of government intervention - How much revenue does the government raise with this tax?
The non-economist's view of the minimum wage seems to be that it forces greedy employers pay poor workers more money, making all workers better off. What is the "unconventional" view and how does it alter that calculus of gains and losses?
Examine an adverse selection problem your company is facing and recommend how it should minimize its negative impact on transactions. (Southwest Airlines)
What indifference curves and budget constraints to explain how an individual labor supply is affected by qualifying for the TANF program?
Ross Perot, a former presidential candidate of the Reform Party, which was a third political party in the United States, had strongly objected to the creation of the North American Free Trade Agreement (NAFTA), which nonetheless was inaugurated in 19..
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