One reason for not requiring a balanced federal budget at all times is that with a balanced-budget rule: in a recession the automatic stabilizing powers of our system of taxes and transfers could not work. expenditures are not limited because, if the government wants to raise expenditures, it just raises taxes. it is possible to shift the burden of a war from current to future generations. the distorting features of the tax system are minimized.

Q: Che Assume that an economy starts from long-run equilibrium, and then there is an increase a sharp…

A: Step 1:Aggregate demand (AD) represents the total demand for goods and services within an economy at…

Q: 5 players must simultaneously choose a number from the interval [0, 9]. Let xi denote the number…

A: The game and find the Nash equilibrium.Utility Function:The utility function for player i is given…

Q: (20.7) (1.35) Scenario 38-1. Consider the following OLS model applied to the data for workers wages…

A: In the given scenario, the OLS model estimates the relationship between workers' wages and years of…

Q: In 2022, 60 percent of the adult population (260 million) was employed. If the employment rate…

A: a. It is given that 60% of the adult population (260 million) was employed and 56% of employment…

Q: With a reserve requirement of 10% and an initial increase of $500 to the monetary base, what is the…

A: let's calculate the total amount of money added to the money supply using the money multiplier…

Q: pls explanation with answer i will give 5 upvotes

A:

Q: What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a…

A: Understanding the Problem:The problem describes a scenario where we need to calculate the amount of…

Q: Please give exact answer of every questions step by step and take like

A: Ans. ) Given that the question is about the concept of elasticity of demand. Elasticity of demand is…

Q: Solve the following with complete solutions

A: Imagine saving for retirement. You plan to withdraw a fixed amount each year for many years. To…

Q: The questions in this part are based on Exchange Rates in the SARB Quarterly. Bulletin, March 2022,…

A: False: In 2021, the South African Rand actually depreciated against these currencies, not…

Q: Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has…

A: Step 1:Cash budget for the upcoming fiscal year is presented hereunder:…

Q: How to calculate Warren's hours worked with a benefit guarantee of $10,000 with a 50% reduction…

A: To calculate Warren's and Shannon's hours worked with a benefit guarantee of $10,000 and a 50%…

Q: (Table: Total Cost and Output for All-Natural Frozen Yogurt) Use Table: Total Cost and Output for…

A: We must identify the output level at which Sasha minimizes his average total cost (ATC) in order to…

Q: Use Figure 1 below to answer questions 22-24. Suppose there are two jurisdictions, A and B. The…

A: The reason is as follows:Capital is not easily moved in the near term. Consequently, enterprises…

Q: A major South African city generates electricity and sells it to its consumers. The city faces…

A: The objective of the question is to assess the efficiency arguments in favour of and against the…

Q: Bruno is a landowner and Angela is a farmer who pays a share of her grain output to Bruno for the…

A: The feasible frontier indicates the trade-offs that an economy must make when distributing its…

Q: (Figure: The Perfectly Competitive Firm) Use Figure: The Perfectly Competitive Firm. The figure…

A: IntroductionDescribe the situationIn the above figure, it is given a perfectly competitive firm…

Q: The monopolistically competitive firm represented in the graph is in: $ $11.40 $10.20 $7.50 0 520…

A: As we know that Firm in Monopolistic Competition earns zero economic profits in long run because…

Q: The table below describes two different demands for money and the supply of money. Answer the…

A: Money is demanded for the following three motives: Transaction Demand: This refers to the demand for…

Q: Sam's Skates is an oligopoly and wants to maximize individual profits. Consequently, Sam's Skates…

A: Sam's Skates, operating within an oligopoly market structure, faces a complex decision-making…

Q: Birth weight and smoking during…

A: 1)The Average Birth Weight  is 3211.81 2)The average value of Birthweight for mothers who smoke…

Q: A technological improvement that causes an increase in the marginal product of a resource will…

A: When a technological advancement raises a resource's marginal product, it will:amplify the…

Q: Keith and Blake play a simultaneous one-shot game given by the following table: Blake Left Right…

A: This can be solved as follows:

Q: Hi there, I'm trying to answer this economics question:  (5) Should governments consider adopting a…

A: A price floor is a government-imposed minimum price that must be paid for a particular good or…

Q: How much would you have to deposit now, so that you can withdraw of $10000 starting at the end of…

A:

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: I will use the provided data and a 15% annual rate of return over the 5-year study period to compute…

Q: a branch office or business segment that shows negative operating income should be shut down do you…

A: It's not always the best idea to close a branch or business division based only on low operating…

Q: Hand written solutions are strictly prohibited

A: Approach to solving the question:NoneDetailed explanation:NoneExamples:NoneKey references:None

Q: A rich singer has donated $355,841 to endow a university professorial chair in Bohemian Studies. If…

A: Given information, Amount donated or Present value of the perpetuity = $355,841Annual rate of return…

Q: Scenario 38-5. Researchers are interested in the height of the average person in San Francisco,…

A: Sure, let's provide explanations for each option: 1. The sample suffers from too much uncertainty.…

Q: Problem 14.056 The two machines shown are being considered for a chip manufacturing operation.…

A: Step 1: a: Compare two alternatives based on their AW (Annual Worth) values without considering…

Q: The main actions that governments can take to achieve faster economic growth include all of the…

A: The objective of the question is to identify which of the given options is not a typical action that…

Q: Marginal product is Multiple Choice the output of the least skilled worker. О a worker's output…

A: Step 1:In economics, the marginal product represents the extra output generated when adding another…

Q: Rent (Dollars per Month) 400 B E A C 200 ம 0 Q₁₂ E' Q2 S = MSC S' D = MSB Number of Apartments…

A: Understanding Rental Market Subsidies with a Detailed BreakdownThe diagram you described illustrates…

Q: Productivity growth and hourly compensation growth, 1948-2020 Cumulative change since 1948 (index…

A: Starting in the late 1970s policymakers began dismantling all the policy bulwarks helping to ensure…

Q: Real GDP can grow/increase for two reasons, but which one represents economic growth? ○ The economy…

A: The objective of the question is to identify which of the given options represents economic growth.

Q: Figure 17-2 Figure 17-2 displays sample indifference curves and a budget constraint corresponding…

A: Detailed explanation: We will be referring to the image as a graphical representation of Shannon's…

Q: To what extent is income inequality explained by income differences across different individuals…

A: As a means of capturing individual differences at a particular point in time, cross-sectional…

Q: You are the President of AMT Enterprises. You have the opportunity to expand your product line to…

A: Step 1: To determine which alternative to choose using the Incremental IRR method, we need to…

Q: Only typed solution

A: FVA = P * [((1+i)n - 1) / i] where FVA = Future value of Ordinary Annuity = $2,144,291 P = Annuity =…

Q: Suppose duopolists face the demand curve P (q) = 4-q firm one has costs c(q1)=2q1 and firm two has…

A: In a Stackelberg competition, where one firm (the leader) moves first and the other firm (the…

Q: Which of the following is NOT a mechanism that could link globalization to the contemporary rise of…

A: Here's a more detailed explanation in points:Economic Globalization and Income Inequality:One…

Q: The value of the future worth for alternative X at an interest rate of 12% per year is closest to: X…

A: In conclusion,The closest future worth to the answer choices is Od. -98,870. However, it's important…

Q: The profit-maximizing and the least-cost combination of inputs are Multiple Choice the result of…

A: 1. There is a lot of connection between the profit-maximizing and least-cost combinations of inputs…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A:

Q: Image upload answer is not allowed please

A: Starting in the late 1970s policymakers began dismantling all the policy bulwarks helping to ensure…

Q: 3. Consider the production function: Y = F(K, LE) = Kº4 (LE) 0.6 in which output (Y) depends on…

A:

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: This statement is TrueThe Ricardian equivalence proposition, by David Ricardo and extended by Robert…

Q: EUAW Selection Example • You wish to select from three mutually exclusive alternatives. Which is the…

A: Approach and ExplanationOne technique to compare competing projects or investment options is to use…

Q: An increase in Medicaid expenditure brought about by a flu epidemic is. Decreased expenditures on…

A: The correct answer is: Option (B) automatic fiscal policy action; discretionary fiscal policy action…