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Can you explain to me the difference between recession gap and inflationary gap?
When the aggregation demand and supply is to the right? can you please explain to me if this is inflationary gap or recession?
What are the sources of human capital? What are sources of labor productivity? Discuss some specific examples.
Home Depot, a home and garden supply store, offers a 10% discount to active and retired military personnel, reservists, and to their families. Home Depot certainly has some market power, and can identify military personnel using their military ide..
Tom and Jerry are both enterpreneurs and are producing hats and scarfs. Tom is producing 1 hat and 3 scarfs per hour whereas Jerry is currently producing 2 hats and 5 scarfs per hour. Now they want to increase their production and exports as well...
1. increases in resources or improvements in technology will tend to cause a societys production possibilities curve to
This product, called Red Hat Linux, is a potential replacement for UNIX and other well-known operating systems. If you were in charge of pricing at Red Hat, what strategy would you pursue? Explain.
"Religion is the sigh of the oppressed creature, the heart of a heartless world, just as it is the spirit of a spiritless situation. It is the opium of the people."
Would a Natural Monopoly following the profit maximization (MR=MC) rule operate with excess capacity? How can the government regulate natural monopolies.
Suppose that the nominal wage falls by x percent, and a certain change in the price level maintains the same real wage as before. In the SAS diagram these events cause.
Do you agree or disagree with your peers findings? Where are there similarities or differences within the class discussion?
Assume that the towns of Belmont and Lexington have different demand curves for firefighters and can hire firefighters at the same constant marginal cost.
What is the importance of knowing the Median Household Income data?
Persuasive Writing Which of the two types of government spending has the most impact on the economy? Explain your answer in a two-page paper.
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