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Discussion
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Macro Question 1: Explain how GDP is measured according to the expenditure and income approaches. Make sure you read my lecture note.
Micro Question 2: Is it possible for many firms to sell exactly the same product, and still be in monopolistic competition? Be precise and explain in detail.
Illustrate how the banks create money with the help of given information and calculate the total money creation in the economy with the help of formula.
Could a labor union or a minimum wage law efficiently help to increase wages, rise employment, or improve working situations in a company
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic. Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2.
Find the equation of the new demand curve for Chevrolets. What is the relationship between D C and D' C ? What explains this relationship?
What are the factors that shift the LRAS curve left and right, and what causes movement along the curve?
Economists says as if economic growth is necessarily a good thing, many question the sustainability and even the morality of ever increasing economic growth.
Explain how would you view the merger if the streaming video services patent was declared invalid and many firms entered with streaming their own video services.
Because many African societies lacked written records, western scholars often ignored and discounted Sub-Saharan African history. Do you believe written records are more valuable and legitimate then oral records? If so, why? If not, why not?
Consider that an entrant's ability to enter a market is fought, with the possibility of withdrawing from the industry (at a loss of 1 for the entrant and a gain of 8 for the incumbent), or staying (at a loss of 5 for each player).
Go back and break your code. For example, change the variable or label names to something different. Or change the formula or values passed to the function call. You may break the code how you like. Try different ways to break the code.
Industry studies often suggest that firms may have long - run average cost curves that show some output range over which there are economics of scale and wide range of output over which long- run average cost is constant.
What was the result of the Kenedy tax cut of 1964? I believe it is that the unemployment rate decreased and the economic growth rate increased, yet I see sometimes where it states that unemployment increased
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