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Utilize the dynamic aggregate demand and aggregate supply concepts, explain the macroeconomic factors that led to the 2007-2009 recession.
What lessons do you think we learned from this last downturn? Do you think we will repeat them? Are there other areas in our economy that may face a similar bubble? Try to use researched academic sources to support you claims.
In 2000-2010 are there any similar downturn - was it "really" similar? What recommendations do you have for fixing a problem like a recession.
Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..
A prominent senator has calculated the total social benefit of the current amount of space exploration at $3 billion per year. The total social cost of space exploration is currently only $2 billion. The senator argues that a net gain to society w..
Find equilibrium Y in the basic Keynesian model (round Y to the nearest whole number) What are the values of BS and NX at the equilibrium level of Y? Find the value of savings at equilibrium Y.
Graphically construct the supply and demand schedules and determine the equilibrium price and quantity.
Two firms produce identical, substitute goods. Market inverse demand is P=150-Q. Firm 1 has costs c(q1)=c1q1 and Firm 2 has costs c(q2)=c2q2. Find the Nash equilibrium in quantities (cournot competition) Prove the answer is a Nash equilibrium
Discuss the confidence interval approach and the test of significance approach in hypothesis testing.
Social Responsibility: To include intercultural competence, knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global communities. Why is active economic citizenship particularly important for a succes..
Discuss the ethical dilemma faced by employers trying to provide internet access for employees to do their work while trying to avoid cyber slackers and cyber loafers in 150 word essay.
Assume that the United States, as a steel importing nation, is large enough so that changes in the quantity of its imports influence the world price of steel. The U.S. supply and demand schedules for steel are illustrated in Table 4.12, along with th..
Leopold Bus Company runs daily service between Bigcity and Tinytown. It calculates that the average cost per trip (wages, gas, insurance, payments on loans, etc.) is $140. Leopold sells the bus tickets for $5 each. Will the sales of the standby ticke..
The influence of labour unions on wages has been hotly debated over the last decades. Textbook economics would suggest that the introduction of labour unions in wage negotiations would lead to upward wage pressure, reducing employment.
Builders and construction firms expect that the price of copper will rise dramatically in the near future.
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