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Question: 1. Explain the significance of minimum wage, Social Security, inflation, and fixed income.
2. Explain why it is important for a nation to set economic and social goals.
Microeconomics, Economics
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Question: According to the PIH, the ratio of permanent consumption to permanent income is uncorrelated with the level of income. Thus someone earning $5,000,000 per year would save the same percentage of their income as ...
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Explain briefly but clearly the times when a demand curve moves. When is there movement along the demand curve?
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Question: To solve the congestion problems of the big cities, Congress decides to increase the Federal gasoline tax by 25 c per gallon, with a rebate to largely rural states; the net effect will raise approximately $20 b ...
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