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What are the liberal, conservative and radical reviews of labor unions? What does each group believe is the future of unions? With which group do you agree and why?
In a particular industry, labor supply is Es = 10 + w and labor demand is Ed = 40 – 4w, where E is the level of employment and w is the hourly wage. What is the equilibrium wage and the employment level if the labor market is competitive? What is the..
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
Using the IS-LM model derive graphically derive the aggregate demand function. Fully explain each step of your derivations.
Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.
A firm suggests that they and their competitors (oligopoly) lower their production to limit supply and increase price. Thinking about the kind of game this is...would it be a Bertrand or Cournot; would it be finitely or infinitely repeated and would ..
In terms of demand and supply shifts, what do you think were the supply, demand and equilibrium effects of this. Suppose that last year the price of peanuts fell and the quantity sold increased. Using supply and demand analysis explain how these chan..
Explain how "discretionary fiscal policy" can be "countercyclical" and can be used to support aggregate demand. Us an AD/AS model to support your answer.
Explain why savings is unlikely to equal intended investment in the Keynesian model. Equilibrium GDP is $5000 while full employment is $6000. What kind of gap is this? What would the Keynesians say the government should do?
Assume the U.S. government implements a policy that achieves the savings rate needed to achieve the golden rule level of capital.
Examine the level of business activities in the U.S. economy over the past few months. Which trends do you find of interest? What stage of the Business Cycle is the U.S. economy, given the current levels of business activity?
Shift the supply or demand for loanable funds functions to reflect the impact of the shock. Indicate whether the real interest rate and the quantity of loanable funds Rises or Falls. Households become concerned about social security and decide to sav..
Assume that the company's is considering a merger. The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new sc..
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