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Using diagrams for both the industry and a representative firm, illustrate competitive long run equilibrium. Assuming constant costs, employ these diagrams to show how (a) an increase and (b) a decrease in market demand will upset the long-run equilibrium. Trace graphically and describe verbally the adjustment processes by which long-run equilibrium is restored. Now rework your analysis for increasing and decreasing-cost industries and compare the three long run supply curves.
Illustrate what are the different types of exchange rate, their advantages and disadvantages.
If the Inflation rate were to accelerate the economy would be flourishing as there is a need for more people to do the work.
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
You must select between sports training or working full time. If you choose sports training, you will have less of a social life. You will also pay $20,000 A year for training, but you will get $15,00 grant.
Illustrate what would shoppers see when they shopped in Wal-Mart and the other "big box" stores that sell so many imported items
Explain how is Brazil affected, explain how does the size of this effect depend on the volume of trade between Brazil and the United States.
Consider the following data on US GDP-What was the grwoth rate of the GDP deflator between 1999 and 2000?
What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).
State are you for or against free trade. Are you for or against NAFTA? What is the economic basis for trade
One of the major problems in macroeconomics is disagreement in the debate over policy activism versus policy rules.
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Elucidate how have these policies affected the prices of the product the industry produces?
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