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Suppose that the Keynesian short-run aggregate supply curve is applicable to a nation's economy. Create appropriate diagrams to assist in answering the following questions:
a.What are two factors that can cause the nation's real GDP to increase in the short run?b.What are two factors that can cause the nation's real GDP to increase in the long run?
Illustrate What would happen if prices were lowered when demand was inelastic
Assume the effects on salaries and employment of such agreements. Also, indicate some of the reasons why they may be difficult to enforce.
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
Elucidate what does the US government hope to achieve through the use of its antitrust policy.
Graph these data using "dollars" on the vertical axis and "quantity" on the horizontal axis. At what output is revenue maximized?
If the minimum salaries is set above the equilibrium salary, does this make a shortage or a surplus of labor, or does it create a lower wage rate
Assume two firms, A and B, serve a market with demand D(p) = 11 - p. Also assume that (i) firms compete for market share
Is the price elasticity of demand elastic or inelastic for that good or service. Explain how should the company alter the price of the good or service to increase revenues.
Illustrate what did the USA do like other countries as well after the first oil price shock.
Illustrate graphically why someone paid an yearly salary might be likely to shirk if monitoring is incomplete at the firm.
Mmachines of Newspaper vending are designed so that once you have paid for one paper; you could take more than one paper at a time.
Explain how will different cultural perspectives of a region impact your global business operations.
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