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The National Bureau of Economic Research is in charge about determining a recession, which is defined a six -month (2 quarters) consecutive decline in real GDP. Now, everybody agrees how to deal with a recession. The last recession was in 2008-2009.
Based on your beliefs and ideologies about public policies, would you favor a "hand off approach" or "hand on approach" to combat the recession? Provide your arguments.
We have learnt that in a perfectly Competitive market, all cost savings from a technological advance are passed along to cnsumer in the form of lower prices
A rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has arisen whereby the utility could use a combination of wind and solar power generators, but it will be a few years before the ene..
Consider the following model where Y = monthly changes in the AAA bond rate, X = monthly change In the three month Treasury bill rate (TB3).
Using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum price on a product on price and quantity.
Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.
Discuss the impact of financial innovations and financial regulation/deregulation in terms of affecting the workings of the macroeconomy, with special respect to risk taking. In order to make the analysis manageable, I suggest you focus on one par..
Drugs that are still under patent protection are a good example of monopolies. When you combine that monopoly with health insurance, which tends to produce inelastic demand, you can get very high profit-maximizing prices. Can you think of any rece..
Assume that you are an international industry analyst. You have been called to analyze the case of a competitive environment where both local and foreign firms compete.
Assume that a company has a budget of $12,000, that the wage rate is $10 per hour, and that the rental rate of capital is $ 100 per hour.
Illustrate what happens to the supply curve and the equilibrium point when a new technology improves a production process.
What are the SAC and the SMC for the firm if it produces 32 hockey sticks? 64 hockey ?sticks? 128 hockey sticks? 256 hockey sticks??You may use SMC= qto work for part (4) if you cannot answer how to derive the ?128 ?SMC. ?
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders' valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions). If you used a second-price..
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