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Describe the Lucas critique.
Why might the level of government debt affect the government's incentives regarding money creation?
Summarize the components that support the Cobb-Douglas function, as well as its shortcomings. How are regression results evaluated? Is any single way better than another? Explain your answer.
Explain how the circular flow diagram relates to the current economic situation.
Suppose the demand for honey is given by Q=500-4p. Also, suppose there are 80 honey producers in the market. What is the equilibrium price of honey?
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.
Explain how much must government spending increase to eliminate the GDP gap.
If LFC sells chicken and biscuits as a meal deal, illustrate what price would be set for the meal deal which includes both an order of chicken and an order of biscuits.
Illustrate what way might society gain if Fed implements policy you have proposed instead of simply permitting long-run adjustments to take place.
Illustrate what is the probability that this worker is a college graduate. A non-college graduate. Are educational achievement and employment states independent
Semi-Salt Industries began its operation in 1975 also remains the only industry in the world which produces also sells commercial-grade poly glutamate.
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