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(The Federal Budget Process) The federal budget passed by Congress and signed by the president shows the relationship between budgeted expenditures and projected revenues. Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fail to match the budget as approved?
You should suppose that the accident at Chernobyl had no effect on the price of hot dogs or Jane's preference of caviar.
A firm with costs C(Q) = 1,000 + 60Q + 0.1Q2 is able to price-discriminate-What would happen if it were forced to charge all its customers the same price?
Explain in words how and why the income sensitivity of the demand for real balances affect the slope of the LM curve. Think of the demand for real balances as L(r,Y)= eY-fr where e and f are positive constants.B) What are the effects of a large s..
Compute and contrast the options that the local governments will need to discuss given the lack of resources that are currently available.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
Draw an aggregate demand(AD)-aggregate supply (AS) complete framework that shows where the US economy in a full employment equilibrium& then where it is now.
The U.S. trade deficit is currently running over $50 billion per month. Explain why this is bad for the country in the long run. Compare the view of the older GATT treaty, and more recently, the World Trade Organization, of how trade deficits sho..
Explain how do governments borrow funds to finance deficit spending. What is likely to happen to interest rates in the market.
Find out more about the airline industry. What is the price elasticity of supply for the airline industry.
Suppose that the tax rate on the first $10,000 income is 0; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $30,000; and 40 percent on any income over $80,000.Family A has an income of $40,000 and Family B has..
Assume two firms, A and B, serve a market with demand D(p) = 11 - p. Also assume that (i) firms compete for market share
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
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