Homework#3_Fall2011 - economics of the arguments of this...

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195.603 Applied Microeconomics Professor: Carey Borkoski, Ph.D. Homework #3 – Due September 12 th 1. Complete the following problems: Krugman-Wells textbook p164, 1, 2, 5 & 6 2. Use the included article (web link included) to complete the following. In your answers please include both a narrative and a graph(s). In a blog posting, http://www.huffingtonpost.com/dean-baker/an-employer-side- payroll_b_890560.html , Dean Baker, Ph.D-economist, discusses the payroll tax reduction policy as a means to stimulate employment. Imagine that you were asked by your boss (a political official) to write a short policy brief to explain the
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Unformatted text preview: economics of the arguments of this policy (imagine you had to explain this to someone who has not had economist). Use your understanding of elasticity and other relevant economic topics discussed to outline the points of each side. Finally, give a recommendation based on your understanding and beliefs about the economics of this payroll tax policy. Where appropriate, use graphical illustrations to make your point. Please keep your response to one page (single spaced and not including the graphs)....
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