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Write a 400- to 700-word memo to the economic adviser.
Just assume that overall taxes are cut by 10 percent across the board. What will this change do to disposable income, consumption, and the multiplier? What's likely to happen to equilibrium output and prices? How will the tax cut affect government revenues in the new equilibrium?
What is autarky price and quantity equilibrium for both home and foreign? What is the open trade price and volume under free trade.
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
A monopolist faces demand curve p = 11-Q , where Q is measured in thousands of units. Compute the firm's degree of monopoly power using the Lerner index?
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state.
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
What is the inflation rate in Home? In Foreign? What is the rate of change in the nominal exchange rate? Which currency is expected to appreciate? At what rate? Explain.
Consider a competitive market for which the quantities demanded and supplied (millions per year) at various prices are given as follows:
Describe the effects of monetary policies on the economy's production and employment.
Assume that the exchange rate between the Canadian dollar and the Euro is 2 Euros per Canadian dollar.
Suppose that because of the ongoing financial turmoil banks become more prudent: that is, other things equal, banks want to hold more excess reserves and make fewer loans.
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