Is the u.s. currently in a recession
Recession and Fiscal Policies
1. How is a recession defined? Is the U.S. currently in a recession? Explain.
2. Assume you are an advisor to President Obama. What fiscal policies would you put in place?
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Explain the effects of fiscal policies on the economy's production and employment. How do changes in government spending and taxes positively or negatively impact the economy's production and employment.
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In the airline industry, there have been shifts in price elasticity of supply and demand. Is the price considered elasticity or inelastic. What is the price elasticity of supply for the airline industry.
The firm receives $5 for each car washed, and the hourly wage rate for each person employed is $4.5. Assume that other costs are negligible. How many people should be employed to maximize profit.
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What is the amount of total benefits, total costs and total net benefits at the selected quantity. If the first term in the cost equation changed from 2 to 5, how would that impact the solution you provided above in part (a).
Examine the exchange rate of the U.S. dollar to the Japanese yen in January 2005 versus January 2006. Compute the appreciation or depreciation of the U.S. dollar relative to the Japanese yen.
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