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Briefly describe, in terms of the AS-AD framework where you think the economy is today. Where are the SRAS and the AD curves intersection with respect to the LRAS: is there a positive or negative output gap and what are the indications of this? Is the upward or downward price pressure and what major factors are contributing to this?
The supply for cars Qs, depends on the price of cars P, and the price of steel Ps. Identify the exogenous and endogenous variables of the car market
Investing in human capital, such as education, causes the production possibilities frontier to:
When did mortgage default and housing foreclosure rates begin to rise rapidly? When did the economy go into recession? Was there a causal relationship between the two? Discuss.
Determine the price point where where you will not want to increase or decrease theprice to generate higher revenue. ( Hint: Think about the specificvalue of E where you won't want to increase or decrease theprice to generate higher revenues).
When asked about the reason for a lifeguard shortage that threatened to keep one-third of the city's beaches closed for the summer, the Deputy Parks Commissioner of New York responded that "Kids seem to want to do work that's more in tune with a c..
1. Suppose the French suddenly develop a strong taste for California wines. Draw a graph below to answer the following questions: a.) What happens to the demand for dollars in the foreign exchange market b.) What happens to the value of d..
The approximate number of years it will take for real GDP per person in Australia to double if the current real GDP growth rate and population growth rate
Can you see which problems may be either solved or, oppositely, be created, in the case of clubgoods?
Are you a Classical or Keynesian economist? Pick a perspective and defend.
Describe three key metrics needed to guide a new PMO. Identify the information technology needed for the implementation of PMO standards and metrics.
If every $1,000 increase in the real price of homes adds 5 cents to annual consumer spending, by how much did consumtion decline when homes fell by $ 2 trillion?
How does the amount of unemployment created by an increase in the minimum wage depend on the elasticity of labor demand? Do you think an increase in the minimum wage will have a greater unemployment effect in the fast-food industry or in the lawn-car..
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