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1. What is Keynesian Economics and what role does the government play in the economy?
2. What is the role of PROFIT in the American economy?
3. What does "our children and grandchildren inherit the national debt?"
In 250 words tell us what the statement above means?
Explain the main channels through which the Fed can influence economic activity. Which theory has provided a better model, Classical or Keynesian, when it comes to prediciting how money affects the macro economy? Explain
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the econo..
Comment on various stakeholders reaction to this budget like Businesses, Consumers, Employees, Social welfare groups and Industry etc -
Consider the production function Q = 20K1/2L1/2. The firm operates in the short run with 16 units of capital.f. If the firm produces 160 units, determine the units of labor that are employed, the average product of labor, the marginal product of labo..
What does the economy look like when the economy is in an unemployment gap? What type of unemployment rate is it compared to the Natural Rate of unemployment? What about inflation?
Briefly define the term or phrase and explain why it is important to (Canadian) Tax Policy.
Koichiro and Sylvia are starting a new high-volume Sushi restaurant, called Robo Sushi in Davis. While Koichiro plans to manage the business himself, he needs to employ some combination of workers and \sushi-bots" (sushi-making robots) to produce the..
Would the sales of pollution rights or certificates be an efficient means of allocating a given amount of pollution.
Elucidate how production possibilities table or curve reflects law of increasing opportunity costs. Illustrate what do points along PPC recurrent (with respect to available resources).
Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day. Find his utility for the f..
All parties make a single bid. But do not disclose the bid to peers. The organizer chooses the maximum (or minimum) bid as the winner. What are benefits of such a system as opposed to normal auction where bidders openly declare the bids and keep upda..
Testifying at a price fixing trial involving Cargill Corp. and the market for chicken growth hormone, (in which the Cargill is one of only three firms worldwide), an executive for Perdue said: "It's an oligopoly. When one (firm) changes price, they a..
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