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Some politicians have suggested that the U.S. enact a constitutional amendment requiring that the federal government balance its budget annually. Explain why such an amendment, if strictly enforced, would force the government to enact a contractionary fiscal policy whenever the enconomy experienced a servere recession.
Denote by mi the median favorite position among the citizens of state i, for i = 1,2; assume that m2
What would be the consumer buying response to Coca-Cola if the price of Pepsi doubled If the prices of Coca-Cola and Pepsi remained constant, what would be the typical buying response to these products if consumer income was reduced by 30%
The president of a small industry has been complaining to his controller about rising labor and material costs.
Barramundi Inc. stock is currently selling at $40 per share (its equilibrium price) provide that the risk free interest rate is 8% and the equilibrium risk premium on the market portfolio is 6%.
ssume that a hypothetical economy with an MPC of 0.75is experiencing a severe recession. By how much would government spending have to rise to shift the aggregate demand curve rightward by $50 billion How large a tax cut would be needed to achieve th..
Suppose the following equations explain a hypothetical economy where both price level and interest rates are fixed. Find the equilibrium level of income in this economy
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Describe what happens to price of a bond that pays a fixed percent of the face value every year when interest rates in the economy rise.
Your organization has invested $6 million in a new Trilithium crystal technology project. The company will generate huge profits if the project is successful.
In each equation, Q denotes the number of travelers of each type who stay at the hotel each day, and P denotes the price of one room per day. The marginal cost of serving an additional traveler of either type is $20 per traveler per day.
Explain how much profit will the perfectly competitive firms earn. How much profit will the monopoly firm earn.
Alfred chan decided to buy an old duplex as an investment. After looking for several months, he found a desirable duplex that could be bought for $300,000 cash. He decided that he would rent bought sides of the duplex, and determined that the tota..
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