Q: Can you forecast next year’s deficit without knowing how fast GDP will
Can you forecast next year’s deficit without knowing how fast GDP will grow?
See AnswerQ: By how much did defense spending increase in 1940 to 1944?
By how much did defense spending increase in 1940 to 1944? (See the front endpapers of this book.) What was crowded out?
See AnswerQ: Why is the failure of a major bank so frightening?
Why is the failure of a major bank so frightening?
See AnswerQ: Could demand-pull inflation occur before an economy was producing at
Could demand-pull inflation occur before an economy was producing at capacity? How?
See AnswerQ: What opportunity costs did you incur in reading this chapter? If
What opportunity costs did you incur in reading this chapter? If you read another chapter today, would your opportunity costs (per chapter) increase? Explain.
See AnswerQ: How much time could you spend on homework in a day?
How much time could you spend on homework in a day? How much do you spend? How do you decide?
See AnswerQ: Use Figure 4.3 (p. 75) to illustrate
Use Figure 4.3 (p. 75) to illustrate on the accompanying production possibilities curve the optimal mix of output (X).
See AnswerQ: According to the World View on page 32, what percentage of
According to the World View on page 32, what percentage of America’s GDP per capita is available to the average citizen of (a) Mexico? (b) China? (c) Haiti?
See AnswerQ: What’s the real cost of the food in the “free lunch
What’s the real cost of the food in the “free lunch” cartoon on page 6?
See AnswerQ: Should the firefighters have saved the house in the News on page
Should the firefighters have saved the house in the News on page 73? What was the justification for their belated intervention? I N T H E N E W S Firefighters Watch as Home Burns to the Ground OBI...
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