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Starting from long-run equilibrium, use the basic (static) aggregate demand and aggregate supply diagram to show what happens in both the short run and the long run when there is an increase in consumer confidence. Explain your diagram please
AD is not sufficiently enough, is still a problem? Does this mean that Hayek, on his ideas of 'no government intervention', is wrong?
________ refers to the additional revenue gained from selling one more unit.
How could legislation impact on operations within your organisation in relation to innovation, project management
Explain what consumer surplus and producer surplus is and how it can be found. Explain what a deadweight loss is and what causes it. Explain the difference between private goods and public goods. Explain what a negative externality is and how it can ..
Blue Corporation distributes property to its shareholder, Zeke. The property has a fair market value of $ 450,000, an adjusted basis of $ 300,000, and is subject to a liability of $ 250,000. Current E & P is $ 1,000,000. What amount of dividend incom..
Professor Grubert of MIT points out that nearly half of federal government spending is on social insurance programs, like social security, Medicare and Medicaid, Supplemental Nutrition Assistance Program or food stamps, the Earned Income Tax Credit, ..
In what sense does South Africa's competition policy address these failures against the background of the struggling State Owned Enterprises.
What is the differentiate between microeconomics and macroeconomics?
What would be the percentage change in apple unit sales if the price of apples decreased by 10%? What would be the percentage change in apple unit sales if the price of pears increased by 5%? What would be the percentage change in apple unit sales if..
The Good’n’Fresh Grocery Store has 2 checkout lanes and 4 employees. Employees are equally skilled, and all are able to either operate a register (checkers) or bag groceries (baggers). The store owner assigns one checker and one bagger to each lane. ..
Martin lives for two periods, earning $50,000 in income in period 1, which he consumes or saves for period 2. The interest rate on his saving is 10% per year. Interest income is taxed at rate τ = 30%. Draw Martin’s intertemporal budget constraints wi..
In Lion City, the shuttle bus industry is regulated by the Government Bus Authority. A company can only supply bus services, in Lion City, if it is issued a licence by the Government Bus Authority. Suppose that the Government Bus Authority offers an ..
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