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A year of unusually bad weather for agriculture would:
1) increase SRAS but not LRAS.
2) increase SRAS and LRAS.
3) decrease SRAS but not LRAS.
4) decrease SRAS and LRAS.
Consider a household seeking to allocate disposable income over two periods: current period and a future period. How does the equilibrium r vary with an exogenous increase in y'? Is this intuitive? you should be able to make an argument as to whether..
Who is hurt and who is helped by an increase in the legal minimum wage? Under what circumstances might a higher minimum not reduce employment?
Explain a way that your family interactsin factor market and a way that it interactsin products market. Discuss how circular flow relates to current economic situations.
q1. a monopoly firm is currently earning positive economic profit. the owner of the firm makes a decision to wholesale
“Attempts to stimulate an economy with expansionary monetary policy will lead only to a loss of some of the country’s international reserves and to no permanent change in income under a fixed-rate system.” Agree? Disagree? Explain.
Explain how international trade increases economic efficiency and how trade barriers and tariffs inhibit efficiency.
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
A manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating costs by $750 per hour of use, and the upgraded equipment will be used on average 8 hours per day, what is the expected annual savings of upgra..
It can be argued that knowledge flow, sharing, and leveraging is required for effective global business management. Present an example of this in practice (what does it look like?), and discuss how value is generated. How does this relate to str..
What actions did Congress and Supreme Court take to reduce monopoly power in late-19th century. How successful were these actions in regulating business activities.
Indicate how each of the following factors will change the individual demand curve for aspirin tablets:
What are some of the steps that the Federal Reserve took in 2008 to prevent further contractions of the economy and money supply? What were the banks' reactions?
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