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Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts differ?
George has been selling 5,000T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?
Just prior to the year 2000, the Fed was concerned that people would make larger than normal bank withdrawals out of fear of the Y2K computer bug. The Fed feared that this might disrupt the banking system. The Fed wanted to use a defensive action to prevent any such disruption. This would take the form of open market bond.
Estimated regression equation for which quantifies the demand for Widget
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
China has continued to lag well behind the rest of the world in information technologies
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Do protectionist policies benefit producers, consumers, workers, or the government
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
The Coca-Cola Company has 40% of the cola market. Determine the probability that a sample proportion
Each firm can monitor the other's price very closely and can respond instantly
When would it make sense for a factory that is losing money to remain in operation
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
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