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1. Use the dynamic model of aggregate demand and aggregate supply to illustrate and explain a situation where the economy is growing but experiencing inflation in the long run.
2. Draw a dynamic aggregate demand and aggregate supply graph to illustrate and explain how it is possible to have real GDP falling below potential GDP between two time periods at the same time as the price level is rising.
What is “green accounting’? How is the World Bank working to identify the necessary tools for the task? Why is it so difficult to value natural capital?
The characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market is. Which of the following statements concerning market structure is not true?
Calculating the price elasticity of supply. Brian is a college student who lives in San Diego and does some consulting work for extra cash. At a wage of $25 per hour, he is willing to work 4 hours per week. At $40 per hour, he is willing to work 10 h..
When will the competitive firm shut down in the short run? When will it incur a loss but continue to produce? Draw a graph showing each scenario and explain.
The penetration pricing strategy is where a new entrant charges a price that is initially higher than the price normal charged in attempt to cover their startup costs.
Show graphically, and with a few well-chosen sentences how a Major League Baseball team can help both itself and consumers by vertically integrating its local broadcasting network. You may assume that both the team and the broadcasting network start ..
Two division managers at King Size Manufacturing have been in a long discussion with top management about allocation of capital spending over the next three years. His bonus is based on total sales and he wants a larger bonus for himself and his mana..
Consider a contractual setting in which two players have agreed to invest (play I) in a cooperative enterprise. However, since their agreement, but before they have made the investments, some costs and revenues have changed. Circle the Pareto efficie..
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in whi..
Which of the following raise the incentive for households to save?
Why might governments nationalize firms and do they have added advantage or unfair one over the private owned firms? What are the different forms of terrorism and how can international managers meet this challenge?
Explain how discrimination reduces domestic output and income? Explain 3 of the examples relative to what they do for the beneficiaries of each program.
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