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"The government stimulus package implemented during the recession of 2007-09 was needed since built-in stabilizers are not sufficient to get the economy out of a severe economic crisis."
Comment on this statement. In your answer
(1) list some built-in stabilizers in our economy,
(2) explain the connection between the multiplier process and inventory adjustments,
(3) explain the paradox of thrift.
what are the advantages and disadvantages of using import-substitution to accomplish industrialization rather than
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill.
Explain the change in the infant mortality rate (IMR) in the United States since 1960
discuss why would cash transfers typically be preferred by recipients over in-kind transfers? what are the pros and
what are the trade offs involved between current and future consumption/production? In the absence of government intervention, would we expect the consumers/producers to make optimal intertemporal decisions?
June 26 2008 - A recent opinion through Opinion Research Corporation found that many United States businesses are missing out on vital feedback and ideas from their own workforces.
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
discuss measuring income distribution using a geometic representation called the lorenz curve. explain the theories of
Determine how velocity is affected by an increase in real income (Y), an increase in the nominal interest rate, and an increase in the price level.
Apple recently launched the iPod nano under 2-different versions:2GB and 4GB. There are two types of customers of the iPod nano.
When a household buys a new house, does that represent consumption, saving, or investment? What factors may influence a household when deciding between buying stocks, bonds, or a house?
consider a simple two person economy in which the two citizens curly and moe can produce two different goods butter and
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