Q: In recent years, economists have argued about the true value of
In recent years, economists have argued about the true value of the real interest rate at any one time and over time. Given that the Nominal interest rate = Real interest rate + Expected inflation rat...
See AnswerQ: What does the size of the government spending multiplier relative to the
What does the size of the government spending multiplier relative to the size of the tax multiplier have to do with the effectiveness of fiscal policy at changing Real GDP?
See AnswerQ: Not all economists are agreed as to whether government should bail out
Not all economists are agreed as to whether government should bail out companies in financial problems. Explain.
See AnswerQ: Give a numerical example to show that a simple-majority decision
Give a numerical example to show that a simple-majority decision rule can lead to a project being undertaken for which the costs are greater than the benefits. Voters Benefits Taxes Vote A $50...
See AnswerQ: Outline the details of the median voter model.
Outline the details of the median voter model.
See AnswerQ: Is a voter more likely to be rationally ignorant in an election
Is a voter more likely to be rationally ignorant in an election in which she is one of 100 voters or one of 10 million voters? Explain your answer.
See AnswerQ: Identify two reasons that a good deal of legislation is likely to
Identify two reasons that a good deal of legislation is likely to be special-interest legislation.
See AnswerQ: From the individual’s perspective, can rent seeking be rational? Explain
From the individual’s perspective, can rent seeking be rational? Explain your answer.
See AnswerQ: No theory is perfectly descriptive of reality. Explain.
No theory is perfectly descriptive of reality. Explain.
See AnswerQ: The size of the town in which you live can affect how
The size of the town in which you live can affect how you behave. Explain.
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