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Comment on the following statement: “Inflationary and recessionary gap are nothing to worry about because the economy has a built-in mechanism that cures either type of gap automatically”.
The annual rate of inflation average 2 percent during the past decade, but borrower and lenders anticipation that the price level will rise at the rate of 3 percent next year. The current nominal interest rate is 7 percent. What is the real rate of i..
Discuss why you would not expect all industries to have a similar relationship to the economy. Give an example of two industries that have different relationships to the economy. Please discuss your findings and how the economy will affect them diffe..
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
Use a supply-demand graph to demonstrate how the quantity and price of medical services are expected to be affected if we went from a world without insurance to a world where the government covered 90% of all medical costs.
Discuss the stability of the country's currency on the foreign exchange market. Has the value of the U.S. dollar impacted the selected countries' currency value?
Consider the following conversation: Does the logic of the reader (G) make any sense, or does it violate economic reasoning?
Determine whether the following production functions have Constant, Decreasing or Increasing Returns to Scale (a formal proof is required).
Based on this information, discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.
q1. pick a society and time in history you would consider that the vast majority were doing very well economically.
Monopolistic competition is similar to perfect competition in that:
Currently, a fast-food firm has a monopoly in the university student union. The monopoly pays the university $75,000 a year in order to maintain it. The firm earns an economic profit of $290,000 per year. Another fast-food firm wants to enter the mar..
Suppose a researcher is interested in estimating the impact of gasoline taxes (Xi) on per capital gallons of gasoline consumer per year(Yi).Assume tax is measure in cents per gallon. the researcher has data from 51 states for a 10 year period for a t..
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