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Question: Discuss some of the major economic changes that took place during World War I. (make sure to discuss at least two changes)
Show that for production function Q = AKα Lβ the output elasticity of scale EQA is 1.
Watch the following video clip, CPI: A surprise jump in inflation to a 2-year-high appears to have reduced the chances of further official interest rate cuts.
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be er..
Why does the AD curve slope downward? What kind of economic changes in the economy would lead the curve to be more steeply sloped?
Would you rather have efficiency or variety? That is, one opportunity cost of the variety of products we have is that each product costs more per unit than.
Suppose the company initially has market power and acts as a monopolist. How many pills will the company sell and what price will it charge consumers?
Suppose that the domestic demand and supply for t-shirts in a small open economy are given by: Q=50-P(demand) and Q=25-2P (Supply) [where q is quantity and P is price]
Using the IS-PC-MR model, describe how the economy responds to an inflation shock.
you are asked to identify a real world industry that conforms to either the oligopolistic product model or the
Which scenario is better for long-term economic growth: (a) the stock market grows at 6% per year indefinitely, or (b) it quickly doubles.
What role did/do special interests play in the implementation of this policy? Create a supply and demand graph that illustrates international trade and tariffs.
What is Fox Mulder's trade-off? How many UFO videos must he give up to purchase an additional conspiracy theory magazine?
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