Suppose the economy had been producing at Natural Real GDP but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the economy closer to Natural Real GDP? Check all that apply. Additional spending on national park facilities A reduction in spending on education A tax increase A tax cut In the preceding scenario, is the discretionary fiscal policy needed to bring the economy closer to Natural Real GDP an example of expansionary fiscal policy or contractionary fiscal policy? Expansionary Contractionary

Dan mcclure is trying to decide on how many copies of a book to purchase at the start of the upcoming selling season for his bookstore. the book retails at $28.00. the publisher sells the book to dan for $20.00. dan will dispose of all the unsold copies of the book at 75 percent off the retail price, at the end of the season. dan estimates that demand for this book during the season is normal with a mean of 100 and a standard deviation of 42. a. how many books should dan order to maximize his expected profit? b. given the order quantity in part a, what is dan's expected profit? c. the publisher's variable cost per book is $7.50. given the order quantity in part a, what is the publisher's expected profit?