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What would be the appropriate fiscal policy to help our economy? Please evaluate how our economy is doing and why you selected your respective fiscal policy action. What are some of the challenges of using fiscal policy to stabilize our economy?
Microeconomics, Economics
Question: Acme furniture retails a chair for $250. They believe that they could raise the price of the chair by 10% and sell 30 fewer chairs per year. They have been selling 500 of these chairs per year at the current pr ...
Question: In another economy consumer 1 has no x and 8 units of y and the utility fucntion U(x,y) = x - (1/4)y 2 . Consumer 2 has 16 units of x and 8 units of y and the utility function U(x,y) = x +2y (1/2) . Describe th ...
Question: During a particular year a corporation has 12.1 million in revenue, 2.2 million of operating expenses, and depreciation expenses of 4.1 million. Using the corporate federal tax rates provided, what is the appro ...
Question: Consider a firm that makes plastic cups. It produces the cups using two inputs: metal molds and plastic pellets that are melted and injected into the molds. The firm only needs one metal mold to produce any num ...
Question: In March 2002, President George Bush signed into law a tariff increase of up to 30% on certain steel imports. Obviously the steel companies were pleased, and fabricated metal producers were displeased. Now go b ...
Question: Several times in the last century, the UK decided to set the value of the £ above its equilibrium value. In terms of the Mundell-Fleming model, this means the value of the currency was set above the point where ...
Who is helped, who is hurt by a living wage requirement? What underlying data is used to justify a living wage requirement? What are the long run impacts of a living wage requirement?
Question: It appears that in the twenty-first century, by far the biggest increase in Federal spending will occur in increased medical care expenditures for the aged and the poor. If this does indeed turn out to be a pol ...
Question: Unlike the pin makers after the boss arrives, employees in some businesses do provide their own capital goods. a. In some cities taxi drivers must buy their own cars or lease them from an approved agency rather ...
Question: 1) In the country of Wiknam, the velocity of money is constant. Real GDP grows by 5 Percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent. What is the real ...
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