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1. Explain the role of different sectors in the circular flow of income.
2. What is the difference between the term injection and a leakage? Explain
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
Before completing this graded discussion. You should have full understanding of the concepts below, if you don't please use the textbook and review them first.
What is an example of a competitive market?
Compare and contrast Francis Edgeworth’s contributions to John Bates Clark’s contributions. Who do you feel made more significant contributions to modern economic theory?
About 32% of all the laptop computers sold in an electronics store have hard disks made by Western Digital, i.e., equation. In a specific shipment, a total of equation laptop computers are received. Treat these 15 laptop computers as a random sample ..
Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j. Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in th..
Illustrate what do you think would happen to sale and price of DVDs after this.
In a price leadership oligopoly model,
A newspaper recently lowered its price from 50 cents to 30 cents. As it did, the number of newspapers sold increased from 240,000 to 280,000.
Derive the marginal product of capital (MPKt) from the production function. Express the marginal product of capital solely in terms
1. Define nominal and real GDP. Are these flow or stock concepts? Explain why the differences between nominal and real GDP are important
In the General Theory Keynes proposes two key and connected theoretical innovations: 1) aggregate economic activity levels are demand-determined (the Principle
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