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Use an aggregate supply-and-demand diagram to study what would happen to an economy in which the aggregate supply curve never moved while the aggregate demand curve shifted outward year after year.
Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium (call it point A). Be sure to include both short-run and long-run aggregate supply
In which directions are they pushing or pulling the U.S. economy? Also, do you think the gap between real GDP and potential GDP will widen or narrow?
1) What is the monopoly market price? 2) What is the consumer surplus? 3) What is producer surplus? 4) What is the total wealth?
Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable. Should this firm be concerned if macroeconomic forecasters predict a recession? Explain your answer.
What are some contemporary technology issues? How do we learn to accept the social responsibilities of educated citizens in a global technological society?
Determine the discounted payback period of a new manufacturing process that costs $15,000,000 with an annual savings of $3,800,000 going up by 3% per year at a
Use graphs to explain why fiscal policy is more effective under a fixed exchange rate than under the flexible exchange rate.
Select two subject and explain how they fit into economics- what do the subject have in common? How does it impact how you think about economics? What can you learn from it? and how can you apply it?
Suppose that the equilibrium price in the market for widgets is $5. If a law reduced the maximum legal price for widgets to $4:
Over the past year, productivity grew 2%, capital grew 1%, and labor grew 1%. If the shares of income to capital and labor are 0.2 and 0.8, respectively
1. Critique Keynes using Public Choice theory 2. Critique Keynes using Austrian knowledge theory 3. Critique monetary policy using Public Choice theory 4. Critique monetary policy using Austrian knowledge theory
A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 10% or down by 10%. The risk-free interest rate is 8% per annum with continuous compounding. What is the value of a one-year European put option w..
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