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Question
In the effort to promote economic growth in Australia, how important is it that the real interest rate (not the nominal interest rate) be kept positive? Discuss using both theory and evidence.
There are four market models: perfect competition, monopolistic competition, oligopoly and monopoly. Briefly discuss the assumptions of each of these four model
The Governor of Arkansas has asked you (her crack economic advisor) to analyze how employment in trucking and poultry processing will be affected if the legislature passes a proposed law that will increase labor cost in both industries by ten percent..
Suppose you are being interviewed by Business Think. You're asked to explain the concept of a balanced budget multiplier: What is the basic idea of a balanced budget fiscal policy?
How would the stock market soars and Americans wealth expands significantly affect the econmony, by analyzing in the SRAS-AD diagram
Suppose that you have estimated the following demand function for your firm. What is the profit-maximizing level of production? What is the profit-maximizing price at this output? What is the own price elasticity of demand at this level of output? Is..
Why is the US banking system known as a dual banking system? What historical developments led to that structure? How is the structure justified today?
Explain whether this firm decides in the short run or in the long run. Calculate optimal level of output if the equilibrium price is €200.
Using present value analysis math, discuss the cost and benefit of paying for 4 years of college. Make any assumptions you want about the market interest rates. Use math and discuss. Is going to college worth it?
You are the owner of a fast-food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast-food restaurant, and ex..
What ideas from Marx remain relevant to contemporary society and what ideas must be discarded in the wake of the collapse of the Soviet Union and the Marxist societies of Eastern Europe? What might Weber have said about the last century of global his..
Which of the following is not a necessary precondition for economic growth?
A young connoisseur has $600 to spend to build a small wine cellar. She enjoys two vintages in particular: a 2001 French Bordeaux (wf) at $40 per bottle and a less expensive 2005 California varietal wine (wc) priced at $8. If her utility is U(wf, wc)..
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