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Suppose you are a supply-side economist who is an advisor to the president. If the economy is in recession, what would your fiscal policy prescription be?
Draw demand and supply curve for labor. Identify the efficiency wage. Then show graphically how efficiency wage contributes to the structural unemployment.
What are the range of policies that are available to businesses to increase sales when incomes are falling. Consider which is most likely to be successful.
In 2001 and 2002, political opinion was bitterly divided. How would you prove the Republican case if you were a lobbyist for General Motors?
Calculate the value added at each stage of production. Calculate total GDP by components. Calculate total gross national income for each factor payment.
Shortly thereafter the economy entered an extended period of expansion. Was that the correct fiscal program to undertake?
Why the BEA measure of personal saving dropped so much during the 1990s, when many homeowners refinanced their mortgages at lower rates.
What happens to GDP, wages and salaries, personal income, personal saving, and national saving?
What are the most common kinds of transfer payments at the Federal level? At the state and local level?
Why are interest payments by the government considered part of personal income but not part of national income?
Search "scholar.google.com" for a company, school, or person that has been the target of a network or system intrusion?
If the economic recovery slows and the economy slips back into recession, what effect will the Fed's no-change decision have on the economy?
Why is the reality of the unemployment problem in Michigan actually worse than the unemployment rate statistic of 15.2 percent?
Suppose that someone in the United States discovered an easy way to counterfeit $100 bills. How would this development affect the U.S. monetary system? Explain.
Devise a hypothetical business situation in which buying a look back call option on a commodity may be a sound strategy. How about a down-and-out call option?
You randomly pick a freshly produced unit of Good X and find that it is not defective. What is the probability that the machine is improperly adjusted?
How many winner firms will be abandoned after two rounds of management trials? What, if any, conclusions might you draw from these examples?
There is a .5 probability it is bag A and a .5 probability it is bag B. You draw a red ball. What is the probability that you drew the ball from bag A?
Now assume that A and B are both goods, that is, more of A is preferable to less of it, and likewise for B. What do indifference curves between them look like?
Calculate the expected rate of return on your anticipated Social Security tax payments.
Assume that I arrange a $100 loan from you at 10 percent real interest, and we both expect 20 percent. What will the nominal interest rate be on that loan?
Then the market price of the land will approach that of a perpetuity. What will happen to that market price if annual property tax payments increase?
After you hold it for 16 years the market interest rate rises to 15 percent. Calculate the change in its price that results.