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There have been different economic philosophies promoted by the US government to deal with economic downturns. We've seen pump priming (Keynesian economics) during the New Deal and now supply side or trickle down economics during the Reagan era. Which economic philosophy is the most effective in terms of promoting a strong and stable economy? Or is it both? Or neither?
In your opinion should our government impose price floors and/or price ceilings in our economy.
Use critical thinking to analyze the issue using economic concepts and theory learned in our class. Present two policy recommendations based on this issue. Use additional references to back up your arguments. Include at least one graph developed in t..
Assume that students and non students have revealed their group demands for junior college education, a public good, as follows: Q=1500-0.25P, Student demand , Q=4000-P, non student demand, Where Q is the number of students educated per year and P is..
Suppose the current price of gasoline at the pump is $4 per gallon and that one million gallons are sold per month in Texas. A local politician proposes to add a 10-cent tax to the price of a gallon of gasoline, and she claims that the tax will gener..
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Consider the real intertemporal model with investment. What is the effect of an increase in delta, the depreciation rate, on the representative firm's investment decision, and on its optimal investment schedule? Explain your answer carefully using th..
Graph the following: Demand Curve Marginal Revenue Curve Marginal Cost Curve Average Total Cost Curve B) Identify the profit maximization point for the monopolist. What are the price and quantities that will maximize profit? What is the total profit ..
Consider a competitive industry in which each firm has the same production technology given by the production function q = K1/3L2/3, where K and L are two inputs and q is the amount of output. The unit price of K is $0.50 and the unit price of L is $..
In equilibrium, with diminishing marginal products, the slope of the PPF is equal to:
One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring had undergone a major expansion in the pa..
An argument can be made that the Government could improve consumer welfare by requiring companies to provide accurate information to consumers about their products. Should the Government increase, decrease or remain the same in its level of intervent..
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
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