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How does the concept of economic calculation differ from dealing with the agent-principal problem? Explain.
Why did they make this choice? Would another decision be more helpful? What macroeconomic principles can be used to understand what is happening here?
What is national saving? What is private saving? What is public saving? How are these three variables related?
In the short-run, machinery is fixed also labor is variable for a business that uses only these two inputs. If, at the current level of output, marginal product of labor is declining
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
What are the equilibrium real wage rate, the quantity of labour employed in 2010, labour productivity and potential GDP in 2010?
Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008.
Using the information you gathered, discuss whether you believe the country is on a good course of economic growth and whether the macroeconomic policies are helping achieve this growth.
Elucidate why monopolistically competitive firms frequently prefer non-price competition to price competition.
Define JFK's doctrine and summarize the regional or global events during the Cold War leading up to the formation of JFK's doctrine describe the Cold War relationship that existed between Cuba and the U.S. before the JFK's doctrine was announced.
Explain why cannot nations like Greece or Spain use quantitative easing as a means to stimulate their economies.
question 1draw a correctly labeled loanable funds graph that shows what happens to real interest rates for each of the
Suppose that a firm’s only viable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.
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