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A harrod-domar economy has been in balanced (i.e., steady state) growth, with full employment of both labor and capital, for the last 10 periods. Its production function is F(L,K)=min(3L,4K) and its marginal propensity to consume is 3/4. If its GNPin period10 is 2,048, how much labor and capital did it start with in period0?
illustrate what would need to reduce the supply of money if Canada was an open economy with a flexible exchange rate.
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.
Elucidate however, are not sure of their own internal auditors at this point also the dual system in place.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
On aggregate demand does fiscal policy have a strong impact. Explain the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand.
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.
Suppose you work in a financial institution, how you would advise your clients.
Explain how might a firm's resources limit its search for opportunities. Cite two specific examples for two specific resources.
The cost leadership approach implicates competing by having a lower cost than one's competitors
Use the two big questions of economics and the economic way of thinking to answer the following questions about the economic life of a homeless man.
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