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Assume that the economy of Nicoland has a flourishing trade relationship with many nations, including the United States and an active public sector. Nicoland's economy is currently operating below the full employment level of output and trade has decreased between the two nations.
-Explain the impact of the problems in Nicoland's economy on the United States economy, using aggregate demand aggregate supply analysis.
-If Congress wants to repair the effects on the United States economy noted in (A) above, identify what fiscal policy action it would undertake.
-Draw a correctly labeled AD/AS graph showing the impact of Congressional action on each of the following:
-output
-price level
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What is the short run shut down price for each firm and how does this short run shut down price differ from the long run shut down price?
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What motivated the persecution of the non-Jewish victims of Nazism? Why did "ordinary Germans" go along with these actions? How was the persecution of non-Jewish victims similar to and different from the treatment of the Jews?
Shoes For Less (SFL) hires you to estimate the demand for their shoes, and you estimate this to be: Describe the difference in the results between your results and those of original consultant.
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Assume that labor supply is perfectly inelastic. If the demand for labor is inversely related to the real wage, what would the effect of a minimum wage be if it was an effective price flor in the labor market
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In the 1990s, there was a surge of interest in sports memorabilia. In particular, baseball memorabilia shows witnessed lines of people willing to pay.
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