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Please prepare a 3-5 page paper in response to this narrative and upload as indicated.
The physiocrats created the first "model" of economic life. Describe its structure and its dynamics (i.e., how does the model "work"). Now compare and contrast this model with modern macroeconometric models (e.g., the Klein model, the DRI model, etc.). Include in your essay the structure of models, the estimation of models, the dynamics of models, and forecasting of models. Explain why there are differences between the Physiocratic and modern approaches to models, focusing on their different purposes.
at a recent meeting the president and the ceo of production inc. got into a heated argument about whether or not to
If she apportions some resources to each, then she can produce any linear combination of chickens and potatoes that lies between those extreme points. If James devotes all his resources to growing potatoes, he can raise 80 pounds of potatoes per y..
Illustrate the black market for medical drug,including the implict supply schedule, the ceiling price,the black market supply and demand, and the highest feasible black market place.
Why is marginal analysis important in economics and How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal
The multiplier effect represents permanent changes in investments or consumptions that are multiplied to get a change in equilibrium. Automatic stabilizers are discretionary fiscal policies. The government providing cheese to students at lunch can pr..
An article in BusinessWeek warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to "export its way out of trouble" by oversupplying everything from automobiles to semiconductors.
In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there a probably ..
Can both monopolies continue endlessly? Why or why not for each example and what factors could cause the monopolies to end?
What should be the amount of her quarterly deposits in actual dollars? Support your answer with all necessary steps
Consider the Law of supply and the determinants of supply and describe Efficient markets theory - Explain Surplus and shortage.
describe various revenue models available as video content shifts from atoms to bits. what are the advantages and
The wood-pallet market contains many identical firms, each with the short-run total cost functionSTC(Q) = 400 + 5Q+Q2, whereQis the firm's annual output (and all of the firm's $400 fixed cost is sunk).
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