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Economics: Principles, Problems, and PoliciesSocial security is a federal program providing income-security that originated in 1935 under President Roosevelt's New Deal; at the time, it was designed to serve as a safety net for financial...
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Economics: Principles, Problems, and PoliciesA negative shock to goods and services is represented by the Production Possibility Frontier (PPF) as A shift inwards of the frontier. For example, with the use of a production function showing how...
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Economics: Principles, Problems, and PoliciesThe Big Mac Index computed by The Economist magazine has consistently found the U.S. dollar to be...The Economist’s so-called “Big Mac Index” is a tool, and nothing more. Like all tools, it has its uses when applied under specified circumstances, and is considerably less useful when...
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BusinessThe difference between automatic stabilizers and discretionary fiscal policy can be seen in their names. The former is something that happens automatically. The latter, by contrast, only happens...
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BusinessUsing only the information given in your question, all we can say is that the aggregate expenditures will drop. Without other information, we cannot say exactly how much that drop will be. To see...
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Social SciencesLooking at Image 1 below, please tell me if I have drawn the lines in Image 2 correctly. If I... 2 imagesI do not believe that your lines are drawn correctly. The blue line that shows the demand for labor is drawn correctly. So are the green line for the supply of women’s labor and the supply of...
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Economics: Principles, Problems, and PoliciesI do not agree with your point of view. At the very least, I do not agree with your reasoning here. Your reasoning is that the football players do not deserve to be compensated (other than...
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Economics: Principles, Problems, and PoliciesYour question really asks a series of questions, each of which can be answered differently. My academic response to this article is much different from my opinion or my “independent...
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Economics: Principles, Problems, and PoliciesThis question seems a little dated, since the auto bailout in the States occurred over a year ago, but in regards to American auto companies being in financial trouble versus foreign ones, it's not...
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Economics: Principles, Problems, and PoliciesMonetary policy is set by the Board of Governors of the Federal Reserve Bank, which is a quasi-public bank. Monetary policy depends on the M1, M2, and M3 supply of money measurements, which measure...
