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Consider the following event: Due to severe damage, a gas pipeline supplying gas to Arizona was shut down for a few weeks in the summer of 2003. Gas became scarce in Arizona, and prices rose, causing consumers to panic.
Predict how the following event affected the market equilibrium.
Discuss the appropriate monetary policy that the central bank should be operating, given the above situation.
It is mandetary that a rational customer will not purchase any units of the product represented by these data.
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
Could you please explain fully the difference among an increase in demand and an increase in quantity demanded, by giving an example of what would cause an increase in quantity demanded and please illustrate the effect of such an increase with a ..
Elucidate which of the following theories of expectations holds that individuals usa all information available in forming expectations.
Illustrate what is the difference among National Income, Gross National Product, and Gross Domestic Product? Why do most countries now use GDP as a measure of national output?
When is international job an opportunity for workers. When is it a threat to workers. What are some of the major challenges confronting the international trading system.
Provide one example of a good the US would be considered to have a comparative advantage in producing. Why do you think the U.S. has this comparative advantage.
Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.
What does Friedman believe about expansionary monetary policy? Do you think Keynesian economists would agree?.
Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?
Illustrate what is the biggest economic concern for Argentina, like unemployment or population.
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