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You are asked to propose a strategy to bring the economy out of recession.
What is a government budget deficit? How does a federal budget deficit affect the economy?
Then, assume that total fixed cost equals $3,000,000, and recalculate values of the 4 variables listed above. For both cases, calculate firm's profit-loss.
Inflation can be caused by cost-push or demand-pull factors. Where does each type of inflation originate and what are some examples?
According to the quantity theory of money, an excessive increase in the money supply will result in_______________
What would have been the likely outcome had the government not intervened to help with key economic issues of the companies
Question: Describe the effects of international factor movements.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment"
Use the following data for a firm's output at various levels of employment (L) to calculate: a) Its marginal physical product of labor (MPPL) schedule;
Explain how tax credit to a business would help to stimulate the economy?
List three factors that can change the economy's potential output. What is the impact of shifts of the aggregate demand curve on potential output?
Using a spreadsheet or handheld calculator, calculate the 10-year growth rate forecast using the constant growth model with annual compounding
Explain the differences between the long run and short run aggregate supply curves and explain how an expasionary gap occurs.
Question: Please describe the Floating Exchange rate and how it affects the economy relative to 1973.
What is the accounting cost function for this business (ignoring parts)?
One person using one computer can produce 11,000 typed pages per year, and the price per page for your service is $2.
a. Is the firm maximizing output relative to its labor cost? Show how you know.
The labor force is 110 ml and the total employment is 90 ml. What would be the measured unemployment rate?
What condition would our economy be presently in and what type of stimulus and healthcare package would we be seeing if, by a silly quirk of fate:
What are the best goals for the Fed? Should it lean toward restraint or toward expansion? Why?
Compute E(Y). Calculate E(Y|X = 1) and E(Y |X = 0). Are education achievement and employment status independent? Explain.
Why does the presence of externalities not reflect society's costs and benefits in the market?
The assignment of decision rights; an appropriate incentive and rewards system and, an effective performance evaluation program
What is the logic of a firm setting and exercising the application of a mandatory retirement age?
Conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment