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Monetarists believe that changes in the money supply will have no effect on real income in the long-run. In other words, they believe that money is ‘neutral' in the long-run. How does this long-run neutrality come about (hint: Phillips curve) and what does it mean to say that money is ‘neutral'
The rule established by the Hadley case is "when damages are awarded, compensation can only be awarded for injuries that the defendant could reasonably have forseen as a probable result of the usual course of events following a breach."
What are the short-term and long-term arguments for and against a near term change in government actions-The rapid pace of growth of government spending in recent years has markedly increased the national debt
Illustrate what did classical economists assume about the flexibility. What disagreements did Keynes have with classical economists.
Demonstrate each of the following events by a production possibility frontier graph, and examine what the effects of it were on economic growth;
A certain machine expenses $25,000 to purchase and install. It has salvage values and operating costs as demonstrate in the table in the attached file. The salvage value of $20,000 listed at time 0 reflects the loss of installation costs at the time..
As the research begins to come in about your expansion opportunities abroad, the marketing department has discovered that the price elasticity
It has been suggested that regulations established to save lives can actually cause a reduction in lives. The theory suggests that regulation increases the costs of goods and services to lower-income groups and as a result of this increase.
Illustrate what are the impacts of innovation and technology on the cost of production.
Edith agreed that in case of traffic jams, Shea Boulevard was a reasonable alternative.Neither of them knows the state of the highway ahead of time.
Consider a product with a supply function Q 1 = β 0 + β 1 + u 1, a demand function Q d i =y 0 +u i d . Show that P i and u s d are correlated.
1)When people must pay higher taxes on their wage earnings, it reduces their incentive to work is a positive statement. 2) We should lover taxes to encourage more work is a positive statement. 3) Economics cannot always be used to completely decide w..
Debra listens only to either Frank Zappa or Weird Al Yankovic. She currently purchases 20 Zappa and 30 Yankovic downloads per week. She would forgo Yankovic downloads for one Zappa download at the rate of 2 to 1
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