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What is the role of government? Explain the microeconomic and macroeconomic policies of the government.
The question of how to distribute the money overtime has been posed (that is, $5.5 million 2 years from now, and $30 million 7 years from now. Determine which plan is more economical on the basis of a present worth analysis over a 10-years period ..
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state.
If the price of a good increases by 8% and the quantity demanded decreases by 12%, what is the price elasticity of demand?is it elastic, inelastic or unitary elastic?
Carmen opens a retail store. Her sales during 1st year are $600,000, of which $30,000 has not been collected at the year end. Her purchases are $400,000.
The demand curve for two liter bottles of soda is given by QD-1000P, and the supply curve is given by QS. In an effort to reduce soda consumption, the government has placed a tax of .50 per two liter bottle that is added to the consumer's bill at..
1. The following table shows information on the conditions of demand and supply for bicycles, where the quantities of bicycles are measured in thousands.
What is the current macroeconomic situation in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
Estimate the opportunity cost of taking this class. Include direct expenditures such as tuition, books, and supplies, as well as indirect expenditures such as the value of the time spent in class. Don't forget to include the opportunity cost of ti..
Walter used the cash method to account for income from his cattle ranch. During an audit in year 3, the IRS auditor discovered a document from a customer indicating that Walter sold 115 head of cattle to the customer two years earlier for $77,000.
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
What are the disadvantages of using loans to financial institutions to prevent bank panics? Would it be a good idea to raise reserve requirements to 100% to ensure bank stability and to completely control the money supply?
What is the nominal GDP today What is the difference between nominal and real GDP What is the largest component of GDP What is the smallest component of GDP What is the fastest growing component of GDP and why
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