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Define the term shadow prices and outline the challenges encountered in the determination of shadow prices.
Discuss the differences between the classical and Keynesian versions of macroeconomic model - Calculate the equilibrium exchange rate, level of income and net exports.
Determine what effect on a country's current account balance is an increase in use of quotas expected to have? Would your answer change if other governments retaliate? If so, how?
In spite of significant price increases for gasoline in the last two years, the amount of gasoline consumed has not decreased a lot--does this mean that gasoline is an exception to the law of demand or is there some other reasonable explanation?
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
Concerned about the crowding-out effects of government borrowing on private investment spending, a candidate for president argues that the US should just print money to cover the government's budget deficit.
1 why have economic analyses of clinical and administrative innovations become more important?2 a clinic finds that by
During the period 1973-1975, the United States experienced a deep recession with a simultaneous sharp rise in the price level. Would you conclude that the recession was the result of a supply shock or a demand shock.
Assume that absolute purchasing power parity holds in the long-run, that the money market clears in each country, and that in both countries the demand for real balances or "liquidity preference" takes the form
germany consumers have 50 in income their gross domestice product. they spend 35 on consumer goods 25 on germany goods
Find the aggregate MAC function when E ranges from zero to 10.
when does a recession begin and when does it end?the dating of a business cycle is done by the business cycle dating
What is the net present value of this proposed project? If efficiency was the only objective for making the decision and we have fully accounted for all costs and benefits would you recommend the project go ahead or not?
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