Economics

Suppose the government reduces taxes by $20 billion, that there is no crowding o

Suppose the government reduces taxes by $20 billion, that there is no crowding out, and that the marginal propensity to consume is 3/4. a) What is the initial effect of the tax re…

Suppose the government spends $500M on a project that has absolutely no value to

Suppose the government spends $500M on a project that has absolutely no value to the country. Which statement about this project is correct? A. If taxes were raised $500M to fund …

Suppose the government successfully stops the importation of fake Louis Vuitton

Suppose the government successfully stops the importation of fake Louis Vuitton handbags. As a result, the elasticity of demand for genuine Louis Vuitton handbags: would increase …

Suppose the government wanted to initially increase consumer spending by $540,00

Suppose the government wanted to initially increase consumer spending by $540,000. By how much would the government have to lower taxes if the marginal propensity to consume is 0.…

Suppose the government wants to reduce the total pollution emitted by three firm

Suppose the government wants to reduce the total pollution emitted by three firms in its area. Currently, each firm is creating 4 units of pollution in the area, for a total of 12…

Suppose the government wants to reduce the total pollution emitted by three firm

Suppose the government wants to reduce the total pollution emitted by three firms in its area. Currently, each firm is creating 4 units of pollution in the area, for a total of 12…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution emitted by three loca

Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government wants to reduce the total pollution written by three loca

Suppose the government wants to reduce the total pollution written by three local firms. Currently, each firm it creating 4 units of pollution in the area, for a total of 12 pollu…

Suppose the government were to increase government purchases by $50 billion with

Suppose the government were to increase government purchases by $50 billion without changing the level of net taxes. This would shift the aggregate expenditure line up by $50 bill…

Suppose the government were to increase government purchases by $50 billion with

Suppose the government were to increase government purchases by $50 billion without changing the level of net taxes. This would shift the aggregate expenditure line by After the m…

Suppose the government were to provide a $2 per hour subsidy for families who pu

Suppose the government were to provide a $2 per hour subsidy for families who purchases child care, regardless of work or wage status. This will.. A. Increase female labor force p…

Suppose the graph below depicts the market for fresh salmon. Answer the question

Suppose the graph below depicts the market for fresh salmon. Answer the questions based on the information in the agraph. 20 18 16 14 12 10 The equilibrium point (50,8) is efficie…

Suppose the graph below showsthe market for red table wine. Red table wine is an

Suppose the graph below showsthe market for red table wine. Red table wine is an inexpensive,generic beverage. Winemakers in California's Central Valley make upa significant sourc…

Suppose the graph that follows represents the money market in the United States.

Suppose the graph that follows represents the money market in the United States. Assume the money market is currently in equilibrium, as indicated by the grey point (star symbol) …

Suppose the graphs below (A-D) represent a typical perfectly competitive firm. S

Suppose the graphs below (A-D) represent a typical perfectly competitive firm. State what is wrong with each of the graphs. What is wrong with graph A? You may select more than on…

Suppose the graphs below (AD) represent a typical perfectly competitive firm. St

Suppose the graphs below (AD) represent a typical perfectly competitive firm. State what is wrong with each of the graphs. a. What is wrong with graph A? Instructions: You may sel…

Suppose the grocery store market in Kansas City is perfectly competitive. Then o

Suppose the grocery store market in Kansas City is perfectly competitive. Then one store buys all the others are becomes a single-price4 monopoly. The figure above shows the relev…

Suppose the grocery store market in Kansas City is perfectly competitive. Then o

Suppose the grocery store market in Kansas City is perfectly competitive. Then one store buys all the others and becomes a single-price monopoly. The figure above shows the releva…

Suppose the happiness or utility that a person receives from any combination of

Suppose the happiness or utility that a person receives from any combination of income (Y) and leisure (H) is simply the product of the amount of each good "consumed." More formal…

Suppose the housing market crashes. As a result, the real wealth of US consumers

Suppose the housing market crashes. As a result, the real wealth of US consumers declines significantly. Use the AD/AS model to determine what happens to real GDP and the price le…

Suppose the income elasticity for cross-country bus trips is –2 and the income e

Suppose the income elasticity for cross-country bus trips is –2 and the income elasticity for cross-country plane trips is +2. Does this make sense? Explain your answer Suppose th…

Suppose the income elasticity of demand for food is 0.40 and the price elasticit

Suppose the income elasticity of demand for food is 0.40 and the price elasticity of demand is -2.00. Suppose also that Felicia spends $10,000 a year on food, the price of food is…

Suppose the industry producing mobile phones is a perfectly competitive constant

Suppose the industry producing mobile phones is a perfectly competitive constant cost industry and is at its long run equilibrium in Jan 2016. In late February, an advertising cam…

Suppose the inflation rate is expected to be 6.6% next year, 4.6% the following

Suppose the inflation rate is expected to be 6.6% next year, 4.6% the following year, and 3.05% thereafter. Assume that the real risk-free rate, r*, will remain at 2.45% and that …

Suppose the inflation rate rate has been 8% per year for the past couple of year

Suppose the inflation rate rate has been 8% per year for the past couple of years. This year, the central bank announces and follows through with a drastic decrease in the money s…

Suppose the information in the following table is for a simple economy that prod

Suppose the information in the following table is for a simple economy that produces only the following four goods: shoes, hamburgers, shirts, and cotton. Further, assume that all…

Suppose the information in the following table is for a simple economy that prod

Suppose the information in the following table is for a simple economy that produces only the following four goods and services: textbooks, hamburgers, shirts, and cotton. Assume …

Suppose the interest rate has been at 3% forever. The central bank decides that

Suppose the interest rate has been at 3% forever. The central bank decides that it wants the inflation rate to be 2% to try to boost investment. (Assume no other shocks are hittin…

Suppose the interest rate is currently 5%. Which of the following statements bes

Suppose the interest rate is currently 5%. Which of the following statements best explains how the money market moves toward the equilibrium interest rate of 3%? A. The Federal Re…

Suppose the inverse demand for coal is estimated to be P = 75 - 0.6 Q , where P

Suppose the inverse demand for coal is estimated to be P = 75 - 0.6Q, whereP is the price of coal and Q is the quantity demanded. The supply of coal is given by P = 0.3Q. 1. (3 po…

Suppose the inverse demand for coal is estimated to be P = 75 - 0.6Q, where P is

Suppose the inverse demand for coal is estimated to be P = 75 - 0.6Q, where P is the price of coal and Q is the quantity demanded. The supply of coal is given by P = 0.3Q. 1.  Sup…

Suppose the inverse demand for redwood trees is given by P(Q) = 100 - Q: Conside

Suppose the inverse demand for redwood trees is given by P(Q) = 100 - Q: Consider a rm who takes demand as given, whose marginal cost of cutting down redwood trees is a constant m…

Suppose the inverse demand for the patented drug Zuker, a drug that helps reduce

Suppose the inverse demand for the patented drug Zuker, a drug that helps reduce sugar cravings among children, is P = 4 - Q/20 so that MR = 4 - Q/10. Willy Wonka, Inc., the manuf…

Suppose the inverse demand for the patented drug Zuker, a drug that helps reduce

Suppose the inverse demand for the patented drug Zuker, a drug that helps reduce sugar cravings among children, is P = 4 - Q/20 so that MR = 4 - Q/10. Willy Wonka, Inc., the manuf…

Suppose the inverse labor supply curve is: w=5 L. The inverse labor demand curve

Suppose the inverse labor supply curve is: w=5 L. The inverse labor demand curve is: w-100-20L. 7. Solve for the competitive market equilibrium (CME) wage and employment level. 8.…

Suppose the local real estate market is in equilibrium. Recently a recession has

Suppose the local real estate market is in equilibrium. Recently a recession has caused local household incomes to decline. At the same time, construction of a large subdivision o…

Suppose the local zoo hires you to assist them in setting admission prices. The

Suppose the local zoo hires you to assist them in setting admission prices. The zoo’s managers recognize that there are two distinct groups of consumers for zoo admission: adults …

Suppose the local zoo hires you to assist them in setting admission prices. The

Suppose the local zoo hires you to assist them in setting admission prices. The zoo's managers recognize that there are two distinct groups of consumers for zoo admission: adults …

Suppose the marginal control costs (MC) and the total costs (TC) of reducing emi

Suppose the marginal control costs (MC) and the total costs (TC) of reducing emissions for two steel producers are: Producer 1: MC1 = 10Q1 TC1 = 5(Q1)2 Producer 2: MC2 = 40Q2 TC2 …

Suppose the marginal control costs (MC) and the total costs (TC) of reducing emi

Suppose the marginal control costs (MC) and the total costs (TC) of reducing emissions for two steel producers are: Producer 1: MC1 = 10Q1 TC1 = 5(Q1)2 Producer 2: MC2 = 40Q2 TC2 …

Suppose the marginal cost of producing diamonds is a constant$1,000 per diamond

Suppose the marginal cost of producing diamonds is a constant$1,000 per diamond and demand is described by the following schedule: Price Quantity $8,000 5,000 diamonds 7,000 6,000…

Suppose the marginal expense of hiring another worker is $150 andthe marginal ex

Suppose the marginal expense of hiring another worker is $150 andthe marginal expense of hiring current worker for an extra hour is$10. The added output associated with an added w…