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Explain whether you agree with the following statement: ‘The impact of inventory increases on the business cycle depends upon whether they are planned or unplanned.'
Next, explain how the adjustment to macroeconomic equilibrium occurs when spending is less than production.
Is it possible for the economy to be in macroeconomic equilibrium at a level of real GDP that is greater than the potential level of GDP? Illustrate using a 45° line diagram.
You just won a contest and have been appointed State of CT Tax Commissioner (you might be asking, why did I enter such a contest? :)). Your primary goal is twofold: raise revenue and make the tax code more efficient. You have to decide which goods to..
Most people spend some of the time in the majority and some of the time in the minority, but overall they consider themselves to be one or the other. Determine whether or not you are going to consider yourself a minority or majority for this question..
Chrysler engineers helped Toyota develop its Sienna minivan. In return, Toyota provided input on automobile production techniques to Chrysler. Why do you think Chrysler was willing to share its minivan know-how with a key competitor?
The Texas Tech alumni association is interested in starting a new scholarship fund for incoming students. Each scholarship will be $500 and they anticipate funding 10 students each year. Assume that the Alumni association can receive a return of 6% (..
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantage were used in your simulation.
q.sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the
Investors in which two countries accounted for about 25 percent of all foreign purchases of U.S. stocks and bonds in? 2012? A decrease in the price level results in? a(n) ________ in the quantity of real GDP demanded because a lower price level? ____..
In class we saw that when Deferred Acceptance is used, the proposing side has a weakly dominant strategy of being truthful. Use this result to show that serial dictatorship has the same properties. Serial Dictatorship - each agent gets a different nu..
The demand function for a firm’s product is Q(P) = 50-P/10. The firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q≥0 that maximizes its profit. Calculate the firm’s inverse demand function. Calculate th..
After your review of the United States Constitution, and in consideration of the controversy amongst Republican party Presidential nominees regarding the citizenship status of Senator Ted Cruz of Texas, is he indeed eligible to run for President of t..
AES was formed in 1996 and hired employees that year. At a meeting in 1997, they expressed concern to an executive that the company was not likely to survive as they used outdated equipment and worked long hours. The trial and appeals court agreed wi..
Dan and Neil are playing Settlers of Catan. Dan has rolled a seven and just put the stopper on a Field which touches one of Neil’s Settlements. Since Dan is a real jerk store, he decides to steal one of Neil’s two cards. Does Dan have a dominant stra..
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