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Today we will briefly explore the Austrian Schools of Economics (copy video link and open in browser- https://www.youtube.com/watch?v=r44S_biFKGQ ) and the Theory of Saving and Investment. Before watching that video, I recommend that you familiarize yourself with the political philosophy of Friedrich Hayek,-(Video link https://www.youtube.com/watch?v=SHsCkinrCPE) whose views were in sharp contrast to the Keynesian view of active economic management. After watching these videos provide a short summary. Make sure to identify the main ideas behind Austrian School of economics as they relate to money, savings and investment. According to Hayek, what is the main cause of business cycles in the economy?
Suppose we investigate a particular example of a model with no government. Suppose the consumption function is given by C=100+.8Y, whereas investment is given by I=50. What is the equilibrium level of income in this case? What is the level of saving ..
Would You Benefit in the Short Run? Suppose a country is about to open its markets for trade. You work in an industry that has a comparative disadvantage. Would you be helped or hurt in the short run (explain your answer)? What about your long-run pr..
Yesterday Susan determined that the risk-free rate of return rRF, is 3 percent, the required return on the market portfolio, rM, is 10 percent, and the required rate of return on Stock K, rK, is 17 percent. When Susan considers the effect of this cha..
Hot chocolate is made from chocolate syrup and milk. Using a separate supply and demand graph for each question, please show the effects of the following events on the market for hot chocolate (please specify the change in demand, supply and the equi..
ABC Corp. currently has an inventory turnover of 12, a payables turnover of 7.32, and a receivables turnover of 11.03. How many days are in the operating cycle?
Your marketing department just undertook a major advertising campaign promoting the quality of your Best Brand Bike Shorts-BBB Shorts.
Assume that the treasury is currently running large surpluses (tax collections exceed new government spending). On a S/D diagram show the effect on Treasury Bond markets of using these surpluses to buy back outstanding treasury securities and reduce ..
A profit maximizing monopolist is earning a positive economic profit. The wage it pays its workers rises. How will the firm's choice of price and quantity change in response to the wage increase? Assume that the monopolist is still earning a positive..
Suppose you have a non-standard deck of cards. The deck has 25 cards: 5 Aces, 5 2's, 5 3's, 5 4's, and 5 5's. Suppose the deck is well-shuffled.
Read your textbook (Chapters 1-8) and use seven peer reviewed publications and write an APA formatted paper of minimum five pages about the following:
List out at least three popular GIS systems and briefly describe the components in a system and how the system works
"Balanced and unbalanced growth need not be conflicting and an optimal strategy of development should combine some elements of balance and unbalance."
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