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Textbooks describe macroeconomic equilibrium in terms of aggregate demand or expenditures and aggregate output or supply being equal or in balance. They also illustrate the equilibrium income level with a graphical device- (sometime referred to as the Keynesian Cross) where equilibrium is identified as that point at which the aggregate demand or expenditures line intersects the 45 degree line (which supposedly represents aggregate supply)
However, in as much as the "real world" has no great graph in the sky that tells the economy (along with spenders and producers) if and when it is in equilibrium or not, and how and when to adjust, how does the real-world economy know these things? In your answer indicate what condition or force would reveal that a prevailing income level is or is not an equilibrium level and what would drive the adjustment process (if needed) and how?
Analyze the evidence that each author uses to support his/her thesis: What types of evidence are used? Does the evidence support his or her thesis?
From personal perspectives (such as why i choose this major in the university: this major includes all the basic ideas and knowledge of business;/want to understand market and trade;/ then have or start my own business such as a coffee bar )
Show the price and output that maximizes profit in this graph. Then use math to calculate the price and output that will maximize the firm's profit. Calculate your profits at this price and output level.
Discuss the major codes of ethics of the stakeholders involved in the issue and how these codes will affect the decision-making process and the final decision.
maritime insurance company offers insurance policies for recreational boats. a typical policy will pay the replacement
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
When you compare a monopoly market to a perfectly competitive market, what does the monopoly market usually generates?
Which of the following is a long-run macroeconomic policy goal? If the CPI was 132.5 at the end of 2003 and 140.2 at the end of 2004, the inflation rate over these two years was
Show your budget constraint between labor and wages, and show your optimum point.b. Suppose that the tax law is changed so that all wages are subject to a 25% tax. Do you now work more or less than 10 hours? Does the government collect more or les..
I have chosen to export beer to Japan. Japan continues to be one of the top generally beer-consuming nations in the world and consumers have high disposable income and there is an increasing demand for sphere beers in Japan.???
Suppose the Central Bank of Namdia loaned the banks of Namdia 5 million dias. Suppose also that both the reserve requirement and the percentage of deposits held as excess reserves stay the same. By how much would the money supply of Namdia change?
1. Describe how to configure Windows 8.1 for a home or small office internet connection. What hardware would you use (cable, NIC, etc.)? What steps would you take? Describe how you would configure Windows 8.1 for a home or small office wireless co..
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