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Why is the "1 free" free to the buyer but not to society? At what point if any should the government regulate such promotions like these?
Explain how are people worse off when the price level rises as fast as their incomes
What is the main policy message of the AS-AD model, and how does it relate to the 1930s Keynesian revolution in economic theory? What should today's policy-makers assume about the natural rate of unemployment?
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
Assume that the position of a contry's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased.
You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your two products differently.
Explain how will the quantity of aggregate output supplied respond to the fall in prices. What will happen when firms and workers renegotiate their wages.
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to describe the equilibrium level of real GDP and prices if the economy is operating:
Explain why do you think the labor supply curve for very gifted or unique people is quite inelastic.
If you assume that the forward rate is a predictor of the future spot rate, does it suggest that the Dollar should have appreciated or depreciated from 2001 to 2002? (round to nearest integer)
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
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