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Explain the shape of aggregate demand curve.
How do Classical and Keynesian economists differ in their view of the aggregate supply curve?
In your own words, discuss which of the four sources identified with aggregate demand has caused a change in the aggregate demand for a product or service you or your employer use. Share the effect that source has had on how you or your employer contribute to the measurement of aggregate demand.
According to the Federal Housing Finance Agency house price index, U.S. housing prices declined throughout 2008 and 2009. What are two demand determinants and two supply determinants that might explain the broad decline in house prices that occurred ..
Assume interest rates are fixed and the economy is closed (no trade with other countries). This economy is different from the basic economic model considered in class because government expenditures are determined differently. How much are Aggregate ..
Differentiate the Monetary Policy (MP) and Fiscal Policy (FP)? What are the tools of Monetary and Fiscal Policies? Keeping in view these tools, how the government can use both policies to correct inflation and unemployment problems in the economy? ( ..
Discuss the factors which influence demand and supply of the labour.
Now assume the following specific demand equation: p = 9 – 0.3q; r = 0.1; R= 80; mc = 2. Suppose the resource price is currently $3 per unit. What is the depletion year for this resource under perfection completion?
For the following situation, come up with a game (in normal form – the matrix representation we have been using) to describe the situation. Determine the pure strategy Nash equilibria.
Eggs have a supply curve that is linear and upward-s1oping and a demand curve that is linear and downward-sloping.
Explain the effects of a tax on consumer and producer surplus. Explain what happens to total welfare when government levies a per-unit tax on a good. Use the concept of deadweight loss in your explanation.
Assuming a two country, two good, perfect competition model of trade with multiple factors, and mobile labor but specific other factors
Of the risk factors for Coronary Heart Disease (CHD) that can be controlled, identify which factors are affected by nutrition
How can behavioral economics be used for as a student? How can it be apply and use behavioral economics if were a small business owner?
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbour, Friday, is a fisherman, and is willing to trade 2 fish for every coconut that you are willing to give him. Another neighbor, Kwame, is also a fisherman, and he i..
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