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Basic economic facts about modern society of which the agents are not aware? The ?rst sentence of Capital says that commodities are the social form of wealth in capitalist societies. What does Marx mean by "social form of wealth"? What, by contrast, would the content of wealth be?
suppose that this years money supply is 500 billion nominal gdp is 10 trillion and real gdp is 5 trillion. a. what is
Suppose that the firms markup over costs is 6%, and the wage-setting equation is W = P(1-u+z) where u is the unemployment rate and z is equal to 0.03. What is the real wage as determined by the price-setting equation? What is the natural ..
Compare the Ricardian Model to the HeckscherOhlin Model. What are similarities and what are the differences? Do they yield the same predictions?
If Kevin is a rational consumer, where will he choose to operate on this graph? Identify the equilibrium point that maximizes Kevin's net benefits by selecting point A, B, or C.
What role do monetarists believe the government should play in the economy and why After that has been discussed, What do Keynesian and New classical economists believe about macroeconomic policy. Which role of thinking do you think you would fit ..
As a result of Barry's recommendation, Texas Crude purchased the tool for $30,000 on January 1, 2005. By January 1, 2006, the tool had saved a total of $5,000 and went on line full time. After going on line full time, the tool saved Texas Crude $9..
what are the two main investor preferences and how do they conflict? why does competition force firms to use the least-
Evaluate the forecast error measures and residuals to determine if the error is acceptable or has systematic variation. Write conclusion relative to the acceptability of the forecast.
Which of the following does not describe the circular flow model between the householdand the firm? John works at a coffee shop and makes $10 per hour. He decides to leave work an hour early to go see a movie that costs $8 per ticket. The opportuni..
Why, under an autarky, does Production have to equalConsumption If the consumption point is on the productionpossibility curve, why does this automatically mean that the production point will be the same as the consumption point
The output effect of an increase in the wage comes about because higher wages:
What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
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