Assignment Help-Why the understatement of unemployment statistics a problem? Why is overstatement of inflation statistics a problem?
How does demand inelasticity affect farm prices and farmers’ incomes? How does this issue compare between U.S. agricultural production and primary commodity production in developing countries.
How do tariffs and import quotas harm the consumer? How do they harm the US worker?
Conservatives favor a lesser role for government in the economy, whereas liberals favor a greater role. How would each of these groups feel about a fiscal policy that increases government purchases and income transfers? Fiscal policy that reduces taxes? Monetary policy that reduces interest rates? Use appropriate graphs.
