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Keynes, Friedman, and Samuelson's Contribution to Economics
Describe John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist? Discuss the theories of two other 20th century economists who made a significant contribution to the study of economics.
The equivalent uniform yearly cost per machine (years 1-5) at an interest rate of 8% per year is.
Also address the impact of real GDP, the unemployment rate, and the inflation rate as measured by the consumer price index (CPI).
Illustrate is the point cross elasticity among steel and aluminum. Are steel and aluminum substitutes or complements
Elastic with respect to its own cost and whether Good Y is a substitute or a complement with respect to Good X.
You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university.
Illustrate what are the benefits of free trade. Who are the winners and losers when the government imposes tariffs and quotas.
Application of Nash Equilibrium and Game Theory with examples
Discuss actions the government could take to induce firms in this industry to produce the socially efficient level of output.
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Illustrate what will the new level of nonborrowed reserves. If interest rates do not change, what will be the new level of total reserves.
Elucidate marginal utility explains a lot about human behaviour.
economists also the public at large normally think of skill-level having having an inverse relationship with unemployment.
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