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Define the short-run and the long-run. When would increasing marginal returns apply? Constant returns? Use calculus to support your explanation.
What typically happens to the ‘real’ risk-free interest rate as the economy weakens, and what typically happens to it when it gets stronger? How would you explain these general tendencies?
In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?
For each of the following, indicate if the person would be classified as employed, unemployed, or not in the labour force and why: (i) a 65-year-old man.
Suppose the government were to subsidize the wages of all women in the population by paying their employers 50 cents for every hour they worked. What would be the effect on the wage rate women receive? What would be the effect on the net wage employe..
What other factors should be discussed in describing the various market structures relative to the production process (K/L ratios), price, cost and product
According to the Keynesian model, equal increases in government spending and taxes will result in which of the following?
Show the IS, LM or FE curve shifts in response to the following events. Note we are not analyzing general equilibrium here, just the shifts of the individual curves. Increase in the riskiness of bonds relative to holding money
Explain the impact of Wal-Mart's supply chain management on its total product, marginal product, and average product curves. What has been the effect on its retail prices?
Do you think the practice would be costly in terms of huge planning requirement and other investment?
Define a Scheme procedure, named tree-sort, which takes a list of numbers and outputs the same list, but in sorted order. Your procedure should sort the list by: (a) inserting the numbers into a binary search tree and, then,
Watch the video titled Fear the Boom and Bust. Using the tools of macroeconomics, identify the primary difference between the two philosophies.
Adrianne and Joanna love watching plays on Broadway. Adrianne values a play at $85, and Joanna values it as $82. When the price of tickets increased from $80 to $83 following the imposition of a tax, Joanna stopped watching plays on Broadway, whil..
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