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Budget Surplus and GDP Sample Homework
Question: Use a chain reaction to explain the impact of a reduction in the budget surplus on GDP (use a complete chain reaction). Is this an example of expansionary or restrictive fiscal policy? Explain. (full page with references)
Suppose that a fall in consumer spending causes a recession. a. Illustrate the changes in the economy using both an aggregate-supply/aggregate-demand diagram and a Phillips-curve diagram
Select a policy or proposed environmental policy and write a one page essay analyzing what the policy's stated goal is, whether the policy is likely to achieve this goal, what the costs of implementing the policy wll be, who will bear these costs.
The high employment deficit is estimated at $100 billion. Suppose that the ecomony is operating below full employment and that it will not overheat during year,
Corn is a key input in the poultry, dairy, hog, and cattle industry. Ellucidate effect has the sharp increase in the price of corn had on these industries.
Explain how much profit will the perfectly competitive firms earn. How much profit will the monopoly firm earn.
The boat will be used for wakeboard instructing and will generate revenue of $100/hour. One instructional trip will use 4 hours on the boat's engine. Draw and simplify a cash flow diagram that will help you determine how many trips it will take to..
Between the types of costs faced by a firm how can technology help firms to lower their costs. What are some specific examples of how firms have used technology to lower costs.
In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumption goods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
A large rear dump truck working in a coal mining operation under good conditions has a present purchase price, compute the estimated repair cost per operating hour.
The demand scheme for the product created by a monopolist. Quantity demanded Price Total revenue Marginal revenue Price elasticity.
Prefer this existence of incomplete specialization. Which is (are) inconsistent with the incomplete specialization we observe in China.
If the government decides to intervene to return the economy to full employment, elucidate what will happen to the economy in the short run and in the long run.
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