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What is the economy's current stage in the business cycle? Support your answer with an article written within the last week from the popular press or blog. In light of the text readings, evaluate the article and the source of the article. Based on the information, determine where the economy fits in the business cycle.
Assume that all states adopt a serious no-fault rule to cover automobile accidents, so that it becomes impossible to sue for damages after an accident.
Explain why is it that increased productivity leads people to take out more loans - which then leads to more growth.
Assume the U.S. government determines that cigarette smoking creates social costs not reflected in the current price of cigarettes in the market
Illustrate what is a fixed exchange rate system. Discuss whether it is basically good or bad, and explain.
Assume the US economy experiences deflation. Trace through the impact on the US macroeconomic variables to the effect on the FOREX rates.
Solve for the price and quantity that the monopolist would choose to maximize its profit under the more advanced technology. And also calculate the resulting profit.
Expalin how does it estimate the demand for new products so that it can prepare a production run. Which is more important for your business: lower cost, quality, customer expectations, or some other feature.
Compute the employment rate (i.e., number employed: population) in each year? How can employment rate may go up or down in the unemployment rate stays the same? How can employment rate go up if unemployment rate also goes up?
Prefer this existence of incomplete specialization. Which is (are) inconsistent with the incomplete specialization we observe in China.
Illustrate what do you think are the prospects for reducing global climate-changing emissions. Be sure to address these points.
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
Discuss and explain whether demand, equilibrium price, and quantity increases or decreases for gas and red meat, respectively, in the following two scenarios.
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