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1. Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information

2. Governments impose excise taxes on goods that have inelastic demand, such as cigarettes, more often than in other cases. Explain why

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Answer 1: If macroeconomic forecasters predict that the economy will be expanding, managers can use this information to convince the executive management to fund their projects. The return on investment numbers for such projects will be very high (or higher ...

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