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Classical macroeconomics theory concludes that ultimately A. Fiscal policy generates only quantity effects B. erratic investment causes long business cycles C. Functional finance cures excessive budget deficits D. Natural state of the economy is at full employment
" Technological change eliminates thousands of jobs every year. Unless something is done to slow the growth of technology, ordinary workers will face a bleak future of low wages and high unemployment."
Elucidate what would you expect to happen to the nominal yields changes in inflation expectations and required real yields occurred.
Explain why do think the European Union countries decide to have a single central bank and a single currency, instead of just agreeing to maintain fixed exchange rates among their currencies.
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
Determine the three major categories of revenues for the federal government and three major categories of expenditures for the federal government?
Utilize the Heckscher-Ohlin and factor proportions framework with two factors, skilled and unskilled labor.
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
Illustrate what is the objective of the article. Please note that the article has to be relevant to microeconomics and the topics covered in this class.
Suppose the present market conditions of Microsoft Corporation.
Assume that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.
Explain why government regulation is needed, citing the major reasons for government involvement in a market economy and justify the rationale for the intervention of government in the market process in the U.S.
Construct a graph showing supply and demand in the electronic dog feeder market and how are the laws of supply and demand illustrated in this graph? Explain your answers.
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