When output and employment slowed in early 2008, the Bush Administration and the Democratic Congress passed a legislation sending households a check for $600 for each adult (and $300 per child). These checks were financed by borrowing. Would a Keynesian favor this action? Why or why not?

1. Will increases in government spending financed by borrowing help promote a strong recovery from a severe recession. Why or why not?

2. Does fiscal policy have a strong impact on aggregate demand? Did the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand? Did the government spending increases and large budget deficits of 2008 2011 strengthen aggregate demand? Discuss.

3. What is the current rate of unemployment? (See bls.gov and state the month you are reporting.) How rapidly has GDP grown during the past 3 years? (See bea.gov and state the annual growth rate for each year.) What do these figures indicate about the validity of the Keynesian view?

Why is free trade so important to companies? to countries? Please explain the issues

Sketch the regression model relating APPROVE to OBRAT in parts (iv) and (v). 3. Starting with the model from part (iv), check for evidence of severe skewness in your non-binary control variables. Using evidence from histograms, scatter plots, and skew coefficients, as well as theoretical...

Use the laws of conservation of matter and energy to describe the consumption of fuel by a car. That is, what are the inputs and outputs of matter and energy? (Note: Gasoline is a mixture of organic compounds containing carbon hydrogen bonds.)

Assume a single firm in a purely competitive industry has variable costs as indicated in the following table in column 2. Complete the table and answer the questions. (1) Total product (2) Total var. cost (3) Total cost (4) AFC (5) AVC (6) ATC (7) MC 0 $ 0 $ 40 $_____...

The table below shows the cost data and demand schedule for a typical firm producing board games in monopolistically competitive market in the short run. Demand ________________________________ _ Total Cost $ per day Quantity...

"For the countries of Austria and Albania, summarize the key characteristics of their economic systems while paying close attention to: The effectiveness of different kinds of incentive systems: moral, material, and coercive. Some useful research web sites follow: Central...