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Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:
A) The real interest rate increases
B) Consumer confidence decreases
C) Higher taxes imposed on business profits
D) The economies of many countries in the rest of the world go into recession
Essay on Market imperfection associated with negative externalities
Problem on standard deviation
"A substantial number of relatively unskilled persons reported that they can't find work. At the same time, there're many unfilled jobs for relatively skilled people. Apparently, the problem is that there're more unskilled peop..
The supply curve for labor is S L = 100W, where W is the market wage. The marginal revenue product curve for the firm is D L = -50W + 450.
Testifying at a price fixing trial involving Cargill Corp. and the market for chicken growth hormone, (in which the Cargill is one of only three firms worldwide), an executive for Perdue said
Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
Changes in government spending and interest rates
Compute the producer surplus from parts a and b. Are producers better or worse off as a result of international trade? Discuss why.
What is autarky price and quantity equilibrium for both home and foreign? What is the open trade price and volume under free trade.
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
An essay on Market imperfection associated with negative externalities.
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