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President Bush is quoted as saying, "When people have more money, they can spend it on goods and services" in explaining the 2003 bill to cut taxes.
Find out two non-price variables, such as wages paid to energy cost, workers, price of key inputs, or the technology, that affect the supply of the products or services you identified in your select
How different are the Feds policy in this regards from those of the Bank of Canada? Broadly state the objectives of monetary policy as set by the US Federal Reserve?
Assume that the monetarist felt that the long run average growth rate of RGDP was 3% What average annual inflation rate would a monetarist expect if the Fed maintained a growth rate of M2 =
Calculate the relation among μ and π for a country in which the nominal interest rate, i, has increased? Assume that the expected real interest rate, !!, is given. Determine the relation betwe
Foreign aid, if it is to be successful in enhancing economic development, must lead to a more productive economy. Explain some of the problems in achieving such an objective through the foreign aid.
Briefly discuss whether you agree with the following statement: "Because the business cycle is unpredictable and real-time data are usually unobtainable, monetary policy rules probably won't be suc
Economic profit is the difference between receipts and the values of all factors of production? Explain. Is accounting profit equal to the difference among the receipts and the payments?
At equilibrium price the quantity demand is equal to the quantity supplied. Calculate the amount of the shortage at the price of $5.30? At any other price (called dis-equilibrium) there is either a
Calculates the effects of international trade to GDP, domestic markets and university students? Suppose that the team has been appointed as speech writers for the Speaker of the House.
Estimate the recent national economic policies as they relate to the magnitude of the trade deficit and examine the arguments for protectionist policies and the effect, if any, upon the trade defic
While the prospect of adding an additional $1,200 to World of Videos' bottom line was enticing, the owner was also contemplating using the additional space to rent the video games.
Some years ago, conservation groups paid cattlemen in the Western United States to move their herds away from wild buffalo herds so that the buffalo would have more feed and would not have to compet
How do you think you could tweak it in order to get a better measure of the relationship between GDP and unemployment if you were to redo this analysis?
Explain the difference among how economists and accountants calculate the profit giving example of costs each might use in this calculation.
The club finds that 70% of its members live within 10 miles of the club. A country club is trying to understand the demographics of its members.
Assume you are to specify a STVC function for a nursing home. Discuss the variables you would include in the function. Calculate the expected relation among a change in each of these variables and
Determine the potential future of the energy economy on a global scale. Explain the future path of the economics of oil, gas and energy as you see it, by addressing the following points:
Frank Ackerman makes 4 arguments for aggressive action to stop global warming. Estimate each of his arguments from the perspective of a young person, an elderly person without children, and a middle
Jane purchases the food and clothing and has the utility U(F,C) = 2FC with marginal utilities MUF = 2C and MUC = 2F. Let the PF = $2 and the PC = $10. Jane faces a weekly budget constraint $500.
Are we moving from virtuous circles in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority?
Discuss why would a chain such as Marriott tend to own its hotels in resort areas, such as national parks, where there is little repeat business and franchise hotels in downtown areas, where there i
The table below contains the different types of consumers' values for three software titles: Excel, Word and PowerPoint. Assume there are 100 consumers of each type.
Assume one economist believes the target rate of unemployment is 3.9 percent while another believes it is 4.7 percent. Using the Okun's rule of thumb, by how much would you expect their approximate
For example, in late 2004 the U.S. government could take out ten-year loans at an annual interest rate of slightly over 4 percent, whereas the annual rate it paid on loans of only three months' dura