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Part II a. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market. b. Suppose you were interested in increasing technological progress in your country. Suggest two (2) ways to do this.
q1. the precursors of todays engineers listed in the quotation from wickenden had no classes and few or no books from
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
To what degree is the public debt a burden to future generations? Suppose income taxes and unemployment compensation were cut by an equal amount. How would aggregate demand be affected? As late as 1992, we were running budget deficits of nearly $300 ..
An economy has the following money demand function: (M/P)^d = .2Y/i^(1/2). Derive an expression for the velocity of money. What does velocity depend on? Explain why this dependency may occur. Calculate velocity if the nominal interest rate i is 4%. I..
If between 2003 and 2013 the economy's real gdp grew from 20 million to 40 billion, what was the average annual growth rate in the economy?
Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address the pros and cons of outsourcing in your response.
The Fichser-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide) into liquid with some gaseous hydrocarbons. Interestingly the F-T process was used in World War II to make g..
Why do some business firms pursue a triple-bottom-line outcome while others focus only on profit maximization? Please, use a real company example to illustrate your points.
Fire insurance policies include deductibles: Used-car dealers will often advertise how long they have been in business as a means of _____ their long-term _____
Consider that you just got your dream job as a marketing research manager of a small company. Your first duty is to create and administer a survey of potential customers. Your new company wants the survey done as soon as possible. About 75% of the wa..
Suppose that the Federal Reserve injects 3 billion dollars by purchasing bonds from a bond dealer. show the new balance sheet of the commercial bank. Find the new money supply in the economy in two ways; Using the balance sheet of the commercial bank..
Suppose that Jenny is the only consumer in the antique car market. Her willingness to pay for an antique car is $200,000. Based on Jenny's willingness to pay, plot her demand schedule in the graph below using the blue points (circle symbol). Line ..
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