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Bush lowered taxes in the 2001 recession and his tax cuts continue. Obama has increased government spending through his stimulus packages. What effect should these expansionary policies have on the AD and AS curves? How should they shift? What should be the impact on GDP, and unemployment as a result of these shifts?
Beat To A Pulp, Inc. sells paper and uses paper machines and labor in production. It pays $800 per employee and $400 per paper machine. Its marginal product of labor (MPL) is 1600 reams of paper per worker and marginal product of capital (MPK) is 200..
Explain why dose the profits of firms that buy their inputs in perfectly competitive market and sell their output in imperfectly competitive markets tends to increase when there is excess supply
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
In Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers?
Which component of GDP is the most stable. Look for the smallest change from the year with the smallest contribution to GDP to the year with the largest contribution.
Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.
List out at least one policy action that the Federal Reserve has taken to confirm that direction. Explain the effects of monetary policies on the economy's production and employment.
q.which of the government policies below is not likely to encourage per capita economic growth?in the latter end of
During the recession of 2001, despite the reduce in aggregate Demand the price level was essentially stable. That of the following is a reason for this.
Suppose that the real interest rate increase to r = 0.11. Elucidate real output have to be for equilibrium price level to remain at its initial value.
Before the war, Iraq had the capacity to produce a certain amount of oil from its oil wells. After the war, it found that capacity greatly diminished because the oil wells were on fire. Draw Iraq’s PPF before and after the war, assuming that the only..
Non-enforcement of occupant loads have been at root of several large loss fires in past including Cocoanut Grove fire. Why is enforcement of this aspect of egress design so important. Examples from your own experience.
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