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a. Describe country's macroeconomic condition in these three years in terms of macroeconomic equilibrium and business cycle. Describe all macroeconomic indicators?
b. Use monetary policy to fix the economy in 2019. Discuss interest rate, discount rate, reserve requirements and open market operations.
Appraise this statement: In equilibrium, a monopsonistic hospital will hire fewer nurses at lower wages than would a hospital in a more competitive market, to the detriment of social welfare.
Why we might want to assess the strength of evidence against the null hypothesis.Give an example of when it would benefit to describe the strength of evidence.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
What steps should I take? How would I address network, security, and ethical considerations when deciding what data to collect from the company?
One often hears statements asserting each of the following, and/or these notions are reflected as implicit assumptions embodied in statements
Suppose someone else tells you that even if average real wages or average real compensation per hour increase, economic inequality could increase as well. Is this possible? To judge that overall prospects for a motion, what information might you want..
What is the Phillips curve? Understand why positive unexpected inflation is associated with a negative output gap and vice-versa. Understand why combining the Phillips Curve with adaptive expectations of inflation means that Y above Y* will mean ever..
Origins of the Depression. In tracing the origins of the Great Depression, Berkeley economist Christina Romer argues that the U.S. suffered a large fall in aggregate demand following the 1929 stock market crash. Knowing that the U.S. was on the gold ..
Which would NOT shift the aggregate demand curve to the left? If there is an inflationary gap, the market will transition to long run equilibrium by. If the price level rises and the money wage rate remains constant, the quantity of real GDP supplied..
How your organization's production function is related to its marginal product of labor. How your organization's marginal product of labor is related to the value of its marginal product. How your organization's marginal prod..
You are the manager of a firm that receives revenues of $175,000 per year from product X and $50,000 per year from product Y . Both products have similar production costs. The own price elasticity of demand for product X is -1.5, and the cross-price ..
To produce an airline flight, capital and labor are used in fixed proportions. It takes two pilots and one plane to produce a one safe trip. Daily rent of airplane is $50,000 and daily price of a pilot is $1,000. Describe the isoquant map for the pro..
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