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Homework 1 - Hongjoon Jeon Homework 1 Economics E322, Prof....

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Hongjoon JeonHomework 1Economics E322, Prof. Grey GordonInstructionsDo all the questions. A small number of the questions will be graded (this is privateinformation, i.e. you will not know in advance which ones will be graded).ReadingsRead Chapters 1 and 2. If you want to read ahead, you can also read Chapter 3.ProblemsChapter 1 Questions1.Why might taxes fall during a recession?
2.What does Ricardian Equivalence say?
3.What is equilibrium?
4.What is a free lunch and does it exist?

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Macroeconomics
Roger A. Arnold
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Term
Winter
Professor
NoProfessor
Tags
Economics, Gdp, current account surplus, average unemployment rate, highest unemployment rate
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Macroeconomics
The document you are viewing contains questions related to this textbook.
Chapter 7 / Exercise 7
Macroeconomics
Roger A. Arnold
Expert Verified

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