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"As a monetarist, Milton Freidman suggested that the government should only release the amount of money into the economy that matches the GDP production. Discuss how the entire demand curve for money will adjust to the equilibrium point. Would you agree with Milton Freidman's opinion on the ability of monetary policy to address economic problems? Explain your rationale".
Consider the Hicks/A-J model of strikes. Suppose that the union resistance curve is W=5+.2s-.01s^2, where W is the percentage wage increase and S is the expected strike duration in days. Find the expected strike duration and wage increase when econom..
1) Why is Keurig pursuing two versions of the Coffee Cup?
Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..
In the short run ,lowering the federal funds rate shifts the aggregate demand curve----------so that the real GDP---------and the price level --------------
The Wall Street Journal (newspaper) of September 23, 2014, reported a few African countries decreased "their planned purchases of corn" and "estimates are for a "smaller corn crop" than previously anticipated. From this information we can conclude th..
The United States has accrued a public debt of over $19 trillion over the course of its history, which is equivalent to slightly more than the annual nominal GDP of the nation. Come up with and explain at least two ideas in terms of how to reduce the..
Illustrate what must the saving rate be to achieve the Golden Rule level of capital.
A demand curve passes through the point ?(0,600?) and has slope equal to minus-20.
Construct a representative indifference curve for each of the following situations. (Note: Even though some of the goods described exist only in discrete quantities, draw the IC assuming the goods exist in continuous quantities). The two goods are wa..
Is this commitment irreversible. Analyze Fiat's entry in term of Ghemawat's framework for analyzing commitment.
The EPA determined the presence of a public health and ecological damage externality cost in dollars of MEC=0.02Q associated with Q units of nitrogen oxides output of a chemical process per month. What is the competitive solution? What is the sociall..
Describe metrics that you would use to assess the success of any logistics plan involving you as a manufacturer and an internationally based mass merchandiser. Provide support for your selections.
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