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Inflation, unemployment, and the business cycle
Explanation of the following two bullet points:
~Analyze the relationship among inflation, unemployment, and the business cycle
~Assess the impact of inflation, unemployment, and the business cycle
Illustrate (Draw the graph) the following events with AS and AD shifts. Start with the initial graph then add the change to either the AS or AD.
Illustrate what policies would you implement to help the economy reach full employment.
You are working for an unemployment agency which distributes unemployment checks to unemployed workers in your state.
Three natural resources as well as products that could be traded abroad based on the principles of comparative advantage for India.
What price should DD set to maximize profits? What would output be if DD acted like a perfect competitor and set P = MC?
Graph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand elasticity of demand.
Suppose that a less developed country known as LDC encourages direct foreign investment
Using the following data calculate Disposable Income:
Define and describe the difference between the absolute advantage and the comparative advantage.
How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Q4 = 1,000 P and Enrodes can produce electricity at a constant marginal cost of $2 per megawatt hour.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
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