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Policy application . If you worked for a Congressional committee that was considering an across-the-board tax cut, what kinds of aggregate revenue, spending and debt data, both for the United States and for other countries, might you muster in support of the tax cut? What kinds of data might you use to argue against it?
What is the numerical value of the multiplier?
How might a critic respond to the claim that taxes always make the allocation of resources less efficient?
elaine as senior partner can make a take-it-or-leave it offer to her junior partner john to undertake a project and
Suppose a random variable X has a discrete uniform distribution on the first m positive integers. Find the mean and the variance of X. What are the mean and the variance if X equals the outcome when rolling a fair six-sided die
Assume that there are no transactions or carrying costs. Should you buy or sell wheat futures? If each wheat futures contract is for 5,000 bushels, how many contracts will you buy or sell? How much will you spend or receive in buying or selling th..
Mike buys a corporate bond with a face value of $1000 for $900. The bond matures in 10 years and pays a coupon interest rate of 6%. Interest is paid every quarter. A). Determine the effective rate of return if Mike holds the bond maturity.
Enumerate the various objectives a firm might have and how the price mechanism can be used to realize such goals. Have you any real-world examples to support your answer While you're at it, calculate the price and quantity to: (a) Maximize TR
Find any differences in the set of variables used in a regression model of demand for customer durable and a regression model of the demand for fast moving consumer goods
The construction of a dam will cost $1,000 at time 0, $500 in year 1, $500 in year 2. It will be completed at the end of year 2. Beginning in year 3, maintenance costs will be $100 per year through year 10. From years 11 on, maintenance costs will..
Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. by how much will the money-creating potential of the banking system
Now, suppose workers come from two distinguishable groups, A and B, and there are no systematic productivity differences between the two groups. However, firms believe that ¾ of A workers are type H and only ¼ of B workers are type H.
A New Hampshire resort offers year round activities: in winter, skiing and other cold weather activities and in summer, golf, tennis, and hiking. The resort's operating charges are essentially the same winter and summer.
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