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Compare the role of money in the economy for the Classical and Keynesian model.While answering this question:
Consider about money supply, money demand and monetary policy in both models.
Support your explanations with the diagrams and functions that display the relationships between related variables.
Assume optimum labor time of a worker is positive. Draw the indifference curves and budget line of that worker. Show the optimum level of his labor time.
Identify and explain trends in current macroeconomic indicators for last three years including: Inflation as measured by the consumer price index (CPI).
Explain how Bank of Canada uses Monetary Transmission Mechanism to run the economic system and explain the three stages used to run the economic system.
Assume you inherit 40 copies of the textbook for ECON 3125. You plan to sell these textbooks in two markets: directly to students on campus, and sell them online on ebay.
Why does a government place price ceilings, such as rent control, on some "essential" goods. to encourage an increase in supply of necessary items, to limit the impact of equilibrium pricing or else.
What are some examples of irreversible investments? I know they're investments that have high value only under specific conditions and can't be easily moved, adjusted, or reversed if conditions change, but I don't know what are real-life examples.
A monopolist currently charges $50 a unit for the 100,000 units of product it produces and sells every month. An economic analysis has shown that,
the size of the governments debt and the size of the budget deficit indicate potential problems for the economy.
Describe how each item affects you and the way that you live today. List the four components of Gross Domestic Product(GDP) and provide an example of each.
Calculate the equilibrium level of real GDP. Does the government succeed in increasing real GDP and calculate the equilibrium level of real GDP.
Why is a depreciation of a country currency not necessarily a bad thing? Why is a country's appreciation of its currency not necessarily a good thing?
Explain how the locations of each of the four curves graphed in question 7b would be altered if (1) total fixed cost had been $100 rather than $60, and (2) total variable cost had been $10 less at each level of output.
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