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Assessment Task: ‘The UK courts have generally been too willing to accept the absolute supremacy claim of the Court of Justice of the EU, but the Supreme Court decision in the HS2 case (R (on the application of HS2 Action Alliance Limited) v Secretary of State for Transport [2014] UKSC 3) represents an important change of direction that is more consistent with the position of the German Federal Constitutional Court.' Critically discuss this statement.
Explain how did Lucas contribute to the development of the Keynesian economics. What was his concern with economic growth and development.
In the model of a dominant company, assume that the fringe supply curve is given through Q = -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11 - P.
You are asked by the business editor of the Yuk Gazette to predict the events of the next few months. By using the data given, make a forecast. (Assume that investment is constant.)
The depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 6 year useful life is $600. Identify the resulting depreciation schedules. Year A B ..
You have been assigned to determine whether the economy is experiencing a credit crunch. What patterns in movements in the federal funds rate, the volume of bank lending, and the volume of short-term lending in financial markets will you look for
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
If a specific subsidy (negative tax) of s is given to only one competitive firm, how should that firm change its output level to maximize its profit, and how does its maximum profit change
Economists agree that an economy cannot increase without savings. This means forgoing current consumption, saving, and investing in capital goods.
After a given time period, due to investment and technological advances, which cost the monopolist an increase in TFC, results in a cost of production decrease to ATC2 and its corresponding supply to MC2.
The market in which the assumption of continuous market-clearing seems to be LEAST applicable is the stock market, market for wheat or else.
An economy consists of two regions, the North and the South. The labor market is initially in an economy-wide equilibrium, with 1,000,000 people employed in the North at $25 per hour and 2,000,000 in the South at a wage of $15 per hour. Assuming t..
What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?
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