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An economist uses both quantitative and qualitative data to justify their decisions. Modern economics, neoclassical economics in particular, often relies on probability. Review this article for more information on the connection between probability and economics.
Do you think that probability should always be used when making economic decisions or forecasting? Or do you think there are some instances where economic changes are based on sheer luck? Be sure to use examples to justify your conclusions with examples.
When responding to your classmates' posts, discuss whether or not you agree with your classmates. In a general sense, can probability always be a reliable source for business decision-making?
According to the rational-expectations approach, if everyone believes that policy-makers are committed to reducing inflation, the cost of reducing inflation- the sacrifice ratio-will be lower than if the public is sceptical about the policymakers' in..
What is the primary characteristic of the reframing innovation strategy? Why is the reframing strategy difficult to execute within established organizations?
At the equilibrium GDP for a private open economy:
The Federal Reserve buy $100 million worth of government securities in open market. If the required reserve ratio is .6, determine the maximum possible increase in the money supply?
draw a production possibility curve comparing the six hours that you have available every evening for studying or
Through the great recession of 2008 in the US, the study indicates that the demand for unskilled and semi-unskilled workers to hire has declined, however the wage structure paid to the workers hired at all levels did not change significantly through ..
What percentage nonetheless did order City of Bones - What do you think of George's policy - Who has the higher average salaries, men or women?
What type of economic environment appears to be best for developing countries seeking to promote their own growth and development through engagement in the global economy?
what topic or topics of interest have you found at the markkula center?can you apply one two or all three moral
What is the dissimilarity in the Production Process between Short Run and Long Run and give a fictitious example. In your example what was the defining a moment when the Production Process shifted from Short Run to Long Run?
choose and research an industry where there has been a pattern of change in a particular market model monopoly
Comparing the different models of pure competition and oligopoly, what will be the effects or difference between the two in relation to: Price, Output, Profits, Advertising, and Efficiency of scarce resources?
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