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In The General Theory of Employment, Interest, and Money, John Maynard Keynes wrote: If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it to private enterprise....to dig the notes up again.....there need be no more unemployment and, with the help of the repercussions, the real income of the community....would probably become a good deal greater than it is.
- Which important macroeconomic effect is Keynes discussing here?
- What does he mean by repercussions?
- Why does he appear unconcerned about whether government spending is wasteful?
Explain how a price increase could be better for society than not raising the price of a product or service. Why does central planning not work efficiently?
Draw a new supply and demand graph showing what happens in the market for fuel efficient cars if only part c) has occurred. Label both old and new equilibrium P and Q.
where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero,
If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.
Illustrate what would the benefits of each action be (besides emissions reduction). Illustrate what would the costs of each action be.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
Discuss the importance of a well-developed compensation plan in attracting as well as retaining good employees as well as how to keep those plans from "working too well."
q1. explain how does the concept of dualism adequately portrays the development picture in developing countriesq2. if
In 2011, the government of Greece ran into severe financial difficulties. For years, the Greek government had spent much more than it had received in tax revenue, financing the substantial budget deficits by borrowing.
Does this critical path make sense. Do your predecessors make sense. How accurate are your durations? What could be done to improve accuracy of your durations.
Determine one possible combination of government spending increases and tax increases that would accomplish the same goal without changing the amount of outstanding debt.
Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.
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