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Problem: The argument of Adam Smith was that some nations were richer than others not because of innate differences across races but because of economic and historical factors. Draw your forethought on this.
The normal time to perform the regular work cycle is 4.43 min. In addition, an irregular work element with a normal time = 1.75 min is performed every 6 cycles. The PFD allowance factor is 17%.
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
Analyse both the conventional and unconventional tools used by central banks and type of unemployment is responsible for this reduction in the unemployment rate? Explain your answer.
At level of inflation explain how long does it take for the price level to double.
1. Why is a point below the production possibilities curve less efficient than a point on that curve? 2. Distinguish a change in demand and a change in quantity demanded. What are the causes of change in demand and quantity demand?
Elucidate the three Federal Reserve tools used to undertake a tight monetary policy.
Calculate the inflation rates for the years ended June 2012 and June 2013. Explain how the inflation rate changed in 2013 and what it indicates on the price level?
Suppose that the economy is short of its full-employment (potential) level of GDP, assumed to be $14,000 billion, by $500 billion.
Assume that economy starts at equilibrium and the mpc = 0.75. Find the effect of a $300 increase in government spending once all the rounds of multiplier process are complete?
What are the relationships between these basic units? How does a circular flow diagram illustrate these relationships?
Provide a general ranking of countries and avoid journalism and overly lengthy surveys of each nation. Be explicit about the assumptions you make and how they lead to your ranking.
joe and matilda are two farmers each cultivating some acreage of corn in wisconsin. their plots share a border and a
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