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1. What is the main reason for the economy to be in a recession? Explain
2. How can the economy be stimulated by fiscal policy? What are the main tools of fiscal policy? Explain
3. How would fiscal policy (through what mechanism) help increase GDP? Explain
this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What w..
Additional regulation in a sector of the economy is socially advantageous whenever the marginal benefit to society of additional regulation is less than, is the same as, or is greater than the marginal cost to society.
In case of a Giffen good, income effect dominates substitution effect. All the points along the demand curve share the same elasticity. The marginal cost curve passes through the minimum point of the average fixed cost curve.
Which of the following transactions would be recorded as a credit in the U.S. current account?
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
q.based on the production function parameter estimates reporteda. which industry or industries appears to exhibit
A cost-effective policy is always socially efficient. Enforcement costs are critical to the success of environmental programs and should be included in the overall social costs of the program when evaluating different policy options.
(a) Sketch the following curves and provide an explanation for their shape
The hiring rule for the perfect competitor in the labor market is to choose that amount of labor for which the wage rate is exactly equal to
The City of Phoenix plans to buy five additional mass transit cars for $15 million, and pay off its loan in 10 years. What would the annual percentage rate be if the city plans to make an interest payment of $2 million?
Evan gets twice as much marginal utility from an additional bottle of water than from an additional bottle of soda.
5.the benefit of cutting down a forest is 1 million now. the environmental cost of that harvest is 10year forever.1 at
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