Q1. Discuss the IS-LM framework (determination of income and the interest rate) and the equivalent AD-AS framework (determination of price level and income) and Explain how changes in equilibrium occur as a result of changes in fiscal and monetary policy
Q2. Ceteris paribus, which of the following is likely to occur if a monopoly suddenly loses it ability to deny potential competitors entry into the marketplace?
Q3. Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years?