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Explain the difference between sticky wages and sticky prices and how these two ideas explain the sloped short run aggregrate supply curve and why does it not affect the long term supply curve?
q1. an oil company refines crude oil valued at 62barrel and sells it to motorists at its retail outlets. the price is
Define strategic competitiveness and above-average returns. What is the relationship between strategic competitiveness and returns on investment? Explain why it is important for organizations to analyze and understand the external environment. Descri..
In which of the scenarios listed here will the unemployment rate fall below the natural rate of unemployment? There could be more than one answer. Inflation is steady at 3% for two years but then decreases to 1% for a year. Inflation is steady at 5% ..
Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given: Crude oil: As petroleum reserves decrease, it becomes more difficult to find and recover crude oil. Hotel rooms in Hawaii: Wo..
Suppose that the demand for reserves when the federal funds rate exceeds the interest rate on reserves is given by D=40-(2*i); where I is the federal funds rate in percent and D is expressed in billions of dollars. Calculate the equilibrium federal f..
We discussed in class several of the dependent variables that need to be considered when managing people (performance, job satisfaction, turnover, absenteeism, organizational citizenship behavior, deviant workplace behavior). Select two of these and ..
Unions tie the hands of management and inhibit efficient decision making. Unions contribute to economic efficiency in that union wage pressure hastens the weeding out of the high-cost, least efficient producers in each industry.
If R and F both have 12 hours of labor that they can give to catching fish or goats, and R requires 1 hour to catch a fish and 2 hours to catch a goat, F requires 6 hours to catch a fish and 3 hours to catch a goat. They are able to trade at Pf=Pg..
Use the Fred database at the federal reserve bank of st. louis to study recent trends in the money supply. Select the data series for demand deposits at commercial banks, either seasonally adjusted or not. View the chart and identify what patterns or..
In a crowded city far away, the civic authorities decided that rents were too high. The long-run supply function of two-room rental apartments was given by q = 17 + 4p and the long-run demand function was given by q = 304 – 5p, where p is the rental ..
Articulate your critical rationale for improvements we could/should make to how the marketplace functions: three for how better to protect human rights and three for how better to protect the environment.
Classify each of the following as an example of direct, interactive, and/or mass marketing.
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