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1. Policy Topic: We have a recession. What do I need to know about "sticky wages?"
a. Explain the concept
b. Describe and analyze all of the theories cited about why wages might be "sticky."
c. How do "sticky" wages play a large role in policy effectiveness?
d. How does this concept change the policy approaches of Keynesians and Classicalists?
Affect resource conservation and the speed of depletion?
How would a decrease in the reserve requirement effect the (a) size of the money multiplier (b) amount of excess reserves in the banking system and (c) extent to which the system could expand the money supply through the creations of checkable dep..
Why were the members of OPEC trying to agree to cut production? Why do you suppose OPEC was unable to agree on cutting production? Why did the oil market go into 'turmoil' as a result?
an upward shift of the depreciation line, an upward shift of the investment function, an upward shift of the per-worker production function.
Draw a graph showing the shape of the housing price curve in a monocentric city with and without height restrictions, How does imposing height restrictions affect emissions?
Through a five year period, the ticket sales for the football team have increased 45 percent whereas the average ticket prices have increased by 70 percent. Do these changes imply an upward sloping demand curve? Describe
These two questions are about population proportions.
Find the price and the quantity at the intersection of two demand curves with a kink. Identify the portions of the two demand curves, with "L shape above the kink" and the portion of the other two demand curves with "reverse L shape below the kink
Should Microsoft worry about an entrant with a new operating system? What is it about Java and Netscape Navigator that makes Microsoft so concerned?
Describe the effects of increasing the amount of income redistribution in Canada to the point at which the lowest income group receives 15 percent.
suppose a firms production function is given by q l12k12. the marginal product of labor and the marginal product of
From the scenario, describe the business implications of an increase in the required reserve ratio from 4% to 7%. Explain how that would affect the business's strategic options.
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