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A nation in recession reduces the both the personal and business marginal tax rates. What is the likely short-term effect on government deficit (or surplus), aggregate supply, aggregate demand, and GDP price index?
Which is a characteristic of the German health care system?
Suppose that a market with an inelastic supply curve experiences a shift to the right in the demand curve. Using comparative statics, analyze how the equilibrium price and equilibrium quantity in this market will change as a result of the shift to th..
You have been asked to estimate the per item selling price of a new line of clothing. Use the estimated time complete item number 50 as your standard time for the purpose estimating the selling price per item( rounded to the nearest cent).
What are some of the drawbacks that companies moving to Silicon Border should be aware of and need to manage?
Wolfe and Baker are the only two firms producing door stopers because of such a small market in their area. Both firms have a marginal cost (MC) of $8 and no fixed cost (FC = $0). The demand for door stopers is given by function P = 32 - Q, where P i..
Sam’s utility function is U(x1, x2) = 2x1 + x2, where x1 is the number of units of good 1 he consumes per week and x2 is the number of units of good 2 he consumes per week. Sam has $200 a week to spend. If he belonged to the club, he could buy good 2..
suppose that a farmer has two very different 100-acre plots of land. suited for growing rice than corn one is very wet
Suppose the government increases purchases in an economy with a recessionary gap. How would that policy affect bond prices, interest rates, investment, net exports, real GDP, and the price level? Show your results graphically
Assume an economy is closed. According to classical economic theory, explain what will be the long-run effects of the increase in government purchases of the late 2000s. You need to present and discuss a formal model in detail for this question and t..
Explain briefly the conceptual difference between choice based on maximization of a single objective versus choice based on maximization of multiple objectives. Give a specific example of where a decision maker is making a choice with multiple object..
Briefly explain the characteristics (or properties) of equilibrium in the Cournot Model and the assumption under which it is achieved.
Using the AD/AS model, discuss the changes to the economy that the Phillips curve explains well, and describe under what conditions the Phillips curve fails to explain economic behavior. Include graphs of the Phillips curve and the AD/AS model in you..
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