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"Aggregate Demand and Supply" Please respond to the following: You have been hired as a consultant by your mayor to evaluate the increase in aggregate demand in the city where you live.
Explain to the mayor one (1) aggregate supply and demand factor that would have the greatest impact on the economy of your city. Describe how a decrease in aggregate demand affects each of the following variables: inflation, unemployment rate, employment rate, production, and customer confidence. Provide concrete examples to support for your response.
The best computer company just developed a new computer chip on which it immediately requires a patent - draw a diagram that shows the consumer surplus, producer surplus and total surplus
suppose an individuals utility function over consumption of x and y is given byuxy x ? 1013y23where x and y are
draw an aggregate production function with typical shape and label it f. make sure to label the axis of the graph. now
Institutional economics, especially applied to metropolitan areas, highlight problems with human capital theory and help us better understand wage differentials. Explain factors that shape wage differentials by metropolitan areas.
Discuss the impact of long-term economic growth
market model patterns of changechoose and research an industry where there has been a pattern of change in a particular
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
for a given nation suppose the following table shows the relationship between real consumption and real disposable
Which will be the outcomes of the bargaining process
Many environmentalists, or general members of the public, are horrified by the notion of marketable pollution permits. They argue that big corporations should not be able to buy the right to pollute the environment. Make the counter-argument.
Greengenes' landlord rejoices, saying, "According to the leftover principle, you will pay me $300 more in rent." Is the landlord correct. If not, is he applying the leftover principle incorrectly, or is the principle wrong
Describe what is meant by the Gold Standard and what were the problems with the gold standard?
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