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Assume that Germany's macroeconomic equilibrium is currently greater than potential GDP. The German government also starts a massive expansion of the railway system which will double the total length of the railway system. Using the AD-AS model, explain carefully the short and long-run effects of this event on the German economy. Draw by hand the appropriate AD-AS diagram to support your explanation.
IMPORTANT: Here is the correct answer to a similar question that has the equilibrium equal to the potential GDP to help you answer the above question.
https://imgur.com/a/Mv8BtCV
Explain in about 4 paragraph with numerical illustrations and graphs what is Diminishing Marginal Returns.
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q1. if the college puts a rent ceiling in rooms of 650 a month illustrate what is the rent and explain how many rooms
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Let the random variable X be the number of defective pencils. Construct the probability distribution for X
Which was more importatnt in the coming of the American Revolution: the development of a set of intellectual assumptions in the American colonies regarding liberty, equality, popular sovereignty, etc., or changes in British imperial policy toward the..
Assume that the government is planning to address the problem of high prices for flu vaccine. You are hired as an economic consultant to decide upon what kind of a policy to implement in order to improve both the accessibility and affordability of fl..
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