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What is the cyclically adjusted budget deficit or surplus? Suppose that real GDP is currently at potential GDP, and the federal budget is balanced. If the economy moves into a recession, what will happen to the federal budget?
In a closed (no foreign sector)mixed economy with stable prices if we assume that consumumption and investment spending do not depend on the interest rate,can we conclude
Write up a one to two page summary of the legal and ethical issues of concern when looking at your proposed company.
Suppose men receive $11.20 per our and women receive $8.00 per hour. Moreover, suppose the firms use 81 female person hours and 64 male person hours to produce 144 units of output and the marginal product of labor for men is 27 while the marginal pro..
With a "cold turkey" disinflationary policy of reducing GDP growth, the assumption of adaptive expectations causes
Consider the following graph of a monopolistically competitive firm selling DVDs. How many DVDs should be sold to rent per day to maximize profit? Briefly explain your answer.
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you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
the law of comparative advantage recommends that countries specialize in those products in which they have a
What price will be set in the market if a monopolist sets the price to maximize its profits - What is the marginal revenue product (MRP) of the second worker hired?
Assume a firm has the production function Q = 2.5K 0.4 L0.5-Write the firm's Isoquant equation associated with the production of 20 units of output.
Why are people who possess specific human capital less likely to change jobs, other things being equal, than those who possess general human capital? Does this imply that people who possess large amounts of specific human capital will never migrate? ..
Prepare a five minute summary presentation on the company for presentation to the class on assigned date
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