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Using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum price on a product on price and quantity.Demand refers to the ability and willingness of a consumer to buy a particular product at a given time period. Demand should be backed up by the ability to pay for a particular product.
What is a discouraged worker? Are they included in the basic unemployment rate? Are they included in any measure of unemployment? How has the number of discouraged workers changed since 2008? How does the exclusion of the discouraged worker affect..
Explain when we look at the macro economy the similar terms are known as Aggregate Demand
Suppose that you have following open economy where C = 10 + 0.8(Y-T); I = 10; G = 10; T = 10 and imports and exports are given through IM = 0.3Y and X = 0.3Y* respectively
In addition to the shock to the money multiplier as in Question 15, we experience two more shocks that influence the money demand curve: The new, money demand curve is now equal to: Md = 1 X [ 2900 + .5 (5400) - 200 (i)] Explain why we would ex..
Explain how do you balance human suffering with the economic realities.
Comment on the development. particular around and after the financial crisis of 2007-2009.Request:Please when you answer the questioncomment on the financial crisis impact on gdp using macroeconomic theories. it should not just be a superficial de..
If the government decides to intervene to return the economy to full employment, elucidate what will happen to the economy in the short run and in the long run.
Michael can buy either pizzas or submarine sandwiches. If the prices of pizza and submarine sandwiches double and Michael's money income triples, we can conclude that Michael's budget constraint will
The Burrito Barn is considering a price reduction on the Firegut Burrito, which currently sells for $5.00. Jim, the owner of Burrito Barn, knows that the price elasticity of the Firegut is roughly equal to -2.3 over the range of prices being consi..
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
Examine the basis for trends in consumption patterns as discussed in the article. In your examine, think the utility derived from the products mentioned in article,
Discuss the role of social diversity and business ethics as it relates to globalization? Consider how different cultures around world perform such business activities.
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