Public Finance: A Contemporary Application of Theory to Policy

Public Finance: A Contemporary Application of Theory to Policy

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Popular author and seasoned economist Dr. David Hyman delivers a solid economics-oriented approach to public finance and public policy. The 11th edition of PUBLIC FINANCE thoroughly illustrates the role government plays in the economy and explains how and why the public sector makes decisions. Packed with timely, real-world examples, PUBLIC FINANCE sparks lively discussion and debate with its coverage of such hot topics as national defense and homeland security, pollution rights, Social Security reform, federal tax reform, and the Iraq war. In addition, it includes numerous study tools and exercises to help students sharpen their economic acumen. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.This would increase the quantity supplied until market price once again was 60 cents per square foot. ... apartment from $300 to $360.8 Generally, the supply of most goods and services is much more elastic in the long run than in the short run. ... Because the supply of labor hours per week is perfectly inelastic, workers do not respond to the tax-induced wage reduction by varying the ... This is because PN MC AC, where PN is the net price received by sellers in long-run equilibrium.

Title:Public Finance: A Contemporary Application of Theory to Policy
Author: David Hyman
Publisher:Cengage Learning - 2013-07-26

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