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Suppose prices are determined as a simple mark-up over expected wages: p-w^e=a0-a1U
Assume further that wages are a simple mark-up over expected prices: w-p^e=B0-B1U
Use the equations above to show that when prices are different from price expectations, actual unemployment is different from the natural rate of unemployment.
Illustrate what does this mean regarding the consumer surplus of the "last person" shown on the demand curve.
In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country..
Identify that a risk averse agent offered terms worse than actuarially fair will not choose to insure fully.
Suppose that as a result of many years of investment in research and development of new technologies, an economy discovers a new way of producing energy using renewable sources.
The Company IIE Inc. is considering upgrading their distribution center (DC) and have received investment proposal from four different vendors. The budget limitation for the investment is $1 million. The investment proposals are listed in Table 1...
Assume the basis for the trends in consumption patterns as discussed in the article. Discuss what has occurred to change the demand for, or the supply.
Eluidate the difference among comparative advantage and absolute advantage.
Some nations have very different economies. In the absence of market-set prices, how are prices determined for household goods.
Is it ethical for a government to pretend in ways which socialize financial risks or losses.
Illustrate Wwat could it or should it have done differently. Please provide references to support your position.
you will be challenged to show one or more of the criteria which you believe should be improved at your place of employment.
Milton Friedman faiths in a steady growth monetary policy. Illustrate what does that mean and critique this approach.
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