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In order to reduce the unemployment rate jobs must be created... new jobs! Both the Federal Reserve and government have proposed a number of solutions and programs in order to create these jobs. In your opinion which do you believe is the most effective strategy and why?
The law of demand states that other things equal
Currently, the economy's aggregate output demanded is $100 billion. The government thinks that is is too small, so it wants to increase it by implementing expansionary fiscal policies. It decides to reduce taxes by $10 billion with this goal in mind...
What factors influence Under Amour's ability to make an economic profit in the cross-training shoe market.
The fed choice of monetary policy strategy is
The price elasticity for butter is fairly high (in absolute value). Which of the following is among the reasons why its demand is so elastic?
Suppose it had begun an expansionary policy early in 1981. What does the text's analysis of the inflation unemployment cycle suggest about how the macroeconomic history of the 1980s might have been changed.
At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo’s world? How many manufactures could B supply?
An in dustry in which one firm can achieve economies of scale over the entire range of market supply is a
Assume that the nation is not large enough to affect the world price. Illustrate the effects of a tariff on imports.
Explain what caused the Great Recession of 2008 and then assess the fiscal policy responses of the federal government and the monetary policy responses of the Federal Reserve
Dranove and Wehner (1994) argue that the statistical evidence used to support the supplier induced demand hypothesis is invalid because they find that the same statistical techniques also suggest that obstetricians induce demand. Briefly explain the ..
Contingency Plan 1 is a new process introduced by an international health team that guarantees the removal of pathogenic microorganisms in the town’s water system. Evidence has revealed that Contingency Plan 1 will lower the influenza rate to four ne..
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