Question: Suppose that a consumer has income y in the current period and income y' in the future and faces proportional taxes on income in both periods. That is, the consumer pays a tax ty in the current period and t'y'i ...
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Question - Suppose a country's debt rises by 10% and its GDP rises by 12%. 1) What happens to the debt-GDP ratio? 2) Does the relative level of the initial values affect your answer?
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Question: Suppose the risk-free rate 0.07 and a security with a beta of +1 has an equilibrium expected rate of return of 0.06. What is the equity market premium? The response must be typed, single spaced, must be in time ...
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Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...
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Question: 1 (a) Due to a technological boom and rapid expansion of the economy, the Federal Reserve Bank is pursuing a contractionary monetary policy. Using a graphical analysis, show the effects of this policy on the eq ...
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Question: 1. What are the two (or more) political views on the budget deficit/debt? 2. Describe some of the recent political/economic battles over the government budget currently and in recent years (e.g. fiscal cliff, s ...
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Question: Psychologist, Beverly Daniel Tatum summarizes the impact of institutionalized racial policies like FHA loan practices: "To the child of that parent, it looks like, ‘My father worked hard, bought a house, passed ...
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Question: If the perfectly competitive firm produces the output at which its marginal cost equals market price, it receives no profit (or a very tiny one) on the last unit it produces. Doesn't it make sense to produce fe ...
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Question: Suppose you are a supply-side economist who is an advisor to the president. If the economy is in recession, what would your fiscal policy prescription be? The response must be typed, single spaced, must be in t ...
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Question: What are the highest and lowest payments from the writer that the beekeeper- farmer team will accept for the sixth day? Assuming that the farmer can dispose of $7 from the writer as she wishes, what range of pa ...
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