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Explain Keynes's theory of investment and why it is central to his more general theory of output employment, intrest and money.
a. Briefly explain why the short-run aggregate supply curve slopes upward. b. What might cause a decrease, i.e. a shift back, in short-run aggregate supply. Give, and explain, at least one cause.
Define linear programming and outline the criteria for the formulation of linear programming problems.
Which of the following goods and services are included in the U.S. GDP and by how much? If a good or service is not included, explain why.a. Donna spends $100 on house paint.b. On a nice sunny weekend, Donna uses the paint that she purchased to paint..
Explain carefully why interest rates on each of the following short-term financial instruments will be closely tied to the level federal funds rate: short-term bank CDs, short-term Treasury bills, short-term commercial paper.
Proponents of trade off liberalization argue which freer trade might actually improve the quality of the environment.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
In a short run situation in which quantity demanded equals quantity supplied in a competitive industry, with price greater than the average cost of the typical firm,
In professional sports, the decisions about TV contracts, salary cap, free agency, entry in to a new market are made by their respective entities like MBA, NHL, NFL, MLB and MLS. These entities operate rather closely like a cartel.
Two firms compete in a market to sell a homogenous produce with inverse demand function P = 400 - 2Q. Each firm produces at a constant marginal cost of $50. Use this to compare the output and profits in settings characterized by Cournot, Stackelbe..
Discuss the advantages and/or disadvantages of distributing marketable pesticide permits to each farm operating in the watershed equal to 40% of its current level of use of that pesticide, versus simply ordering each farm to reduce pesticide use t..
Assume that the reserve requirement is 5%. All other things equal, will the money supply expand more if the Federal Reserve busy $2,000 worth of bonds or if someone deposits in a bank $2,000 that he had been hiding in his cookie jar? If one creates m..
q1 many factors determine the supply and demand for labor. identify and explain two factors that would increase or
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