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a government can finance its budget deficit by doing all of the following except a borrowing from its central bank b printing money c selling bonds d
a budget deficit is defined as a accumulated surpluses minus accumulated deficits b a shortfall of revenues compared to expenditures c accumulated
according to keynes the economy could become stuck at a low income level if a aggregate demand and aggregate supply are independent of one another b
suppose that a security costs 3000 today and pays off some amount b in one year suppose that b is uncertain according to the following table of
assume that government purchases decrease by 10 billion with other factors held constant including the price level calculate the change in the level
assess the impact of transaction costs as they apply to the coase theorem evaluate how government assignment of property rights impacts free market
explain the trade-off between equity and efficiency identify how individuals and organizations are likely to change their behavior as a result of
analyze how taxes and subsidies impact market efficiency speculate if market efficiency would be increased or decreased without issues of taxes and
evaluate the impact of an aging population on state and local government expenditures suggest strategies that government should take in dealing with
compare and contrast federal government expenditures state and local government expenditures and financing government expenditures suggest a total of
analyze the relationship between the production possibilities curve and the circular flow diagram discuss how the change of production possibilities
malthus surmised that poverty and misery are the natural punishment for the failure by the lsquolower classes to restrain their reproduction the
discuss what policy changes he might be likely to propose with respect the issue that you identified as one about which he might be
imagine adam smith living in todays economic climate describe what current economic issues about which he might be most concerned with and state
consider the following the physiocrats spoke of the natural order and favored laissez-faire yet strongly supported the absolute authority of the
evaluate the mercantilist economists determine which economist you feel made the most significant contribution to economic theory provide at least
examine two 2 tenets of the mercantilist school determine whether you agree or disagree with these principles provide at least two 2 reasons to
do you agee or disagree economic theory helps society reach economic goals that it has selected for itself justify your
if the ad excess is 300 billion and the mpc is 08 how much fiscal restraint is required what does the debt held by the public
businesses often decide between using automation and labor in production an automotive environment may have high fixed costs and low variable costs
describe the differences between the substitution effect of a wage increase and the income effect of a wage
if a firm wants to sell goods more often would they prefer to produce a high quality good that will not wear out or one that will wear out faster for
we have been looking at just the additional marginal opportunity costs of our choices what about the total cost for example we see and hear ads all
pricefeeder quantity demanded quantity supplied 300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 90 1300
a company is researching the effectiveness of a new web site design to decrease the time to access a website five web site users were randomly