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Describe about equilibruim, consumer equilibruim, firms equilibruim and market equilibruim?
I want to know all about equilibruim consumer equilibruim firms equilibruim and market equilibruim technically also??
Over the years, have states gained more or less power relative to the federal government? Please discuss and cite examples to support your argument.
Describe one reason why the flexibility of wages and prices tend to favor the Keynesian economic view in the short run and one (1) reason why the flexibility of wages and prices tend to favor the classical economic view in the long run.
Defenders of Communist economic systems may point out that customers pay lower values for certain goods because government imposes a limit on what manufacturer may charge.
If the government could only observe prices, quantities, and royalty rates (But did not know the demand curves or the marginal cost curves), could it determine if a royalty was for a minor or major patent?
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
In 1989 the Detroit Free Press and Detroit Daily News the only daily newspapers in the city obtained permission to merge under a special exemption from the antitrust laws.
What is the opportunity cost of producing 1 car in each country? What is the opportunity cost of producing 1 bushel of wheat in each country? Which country has the absolute advantage in the production of each good
In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy.
Fiscal policy advisor Jones wants to increase aggregate demand while monetary policy advisor Smith wants to reduce aggregate demand. Which of the following combinations of fiscal and monetary policies would there two advisors suggest to achieve their..
The currency in Great Britain is pound and the price of a particular British car is 12,000. suppose the exchange rate is 0.67 per dollar.
According to standard Keynesian economic theory, an increase in government spending has a greater impact in terms of increasing the level of aggregate income--that is, is more "simulative"--if it is:
To provide goods and services society feels desirable, governments often face a choice between equity and efficiency. Efficiency is a situation which a good or service is provided with minimum amount of waste, effort and expense.
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