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A decrease in aggregate demand will cause
a.aggregate supply to fall according to Keynes, and unemployment to increase according to classical economists.
b.prices to fall and unemployment to increase according to both classical economists and Keynes.
c.aggregate supply to fall according to classical economists, and prices to fall according to Keynes.
d.prices to fall according to classical economists, and unemployment to increase according to Keynes.
Do you agree or disagree with the following statement: "The rational model of the organization assumes that the Corporation is based on consent, while the political model assumes it is based on power, and the carrying model assumes the Corporation is..
q1. according to a study of u.s. cigarette sales between 1955 and 1985 when the price of cigarettes was 1 higher
what additional information would be useful in the pricing decision? What would be your recommendations for setting up a model to forecast future demand for this product?
Suppose the monopolist is regulated to charge a rate which covers all unit cost and total cost, what is this rate and how many units will the monopolist produce?
The Dominick's supermarket chain sells Nut Flakes, a popular cereal manufactured by the Tastee cereal company. Demand for Nut Flakes is 1.000 boxes per week. Dominick's uses an interest rate of 25 percent per year for holding cost and incurs a fixed ..
From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:
Diana borrowed $2,000 from Pat and promised to pay him $2,165 after 1.5 years. What simple interest rate did she have in mind? How long does it take double an investment of $20,000 if the investment pays only simple interest at the rate of 3% per yea..
It is estimated that the annual sales of an energy saving device will be 20,000 the first year and increase by 10,000 per year until 50,000 units are sold during the fourth year. Proposal A is to purchase manufacturing equipment costing $120,000 with..
First, compare fares and product offerings of low-cost-carrier and a comprehensive network carrier from either the U.S. or Europe. Compare and contrast the ticket prices and product offerings of the two airlines. Use care that the fares are comparabl..
What are some of the positive and negative aspects of technology growth? What can businesses and governments do, as they tried to do in Ohio, to make “transition” as smooth as possible?
Describe atleast 4 ways in which a firm can limit a worker's shirking. Ground your answer in an explicit theoretical framework(that you clearly state) that explains worker shirking behaviour.
Cite the major functions of the district Federal Reserve banks. Brief overview of monetary policy. Brief overview of the Board of Governors.
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