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1) Provide three explanations on how inflation bring impacts in individual and society?
2) Give an example of situation that shows perfectly inelastic demand.
3) Give an example of situation that shows perfectly elastic of supply.
1. What is the correlation between unemployment and inflation? 2. In your opinion, do you believe that this correlation is true of the current economy?
The effects of a quota would not include. Which of the following would lead to diseconomies of scale?
An interesting example of strategic behavior comes from a 1997 article about Microsoft’s investment in Apple (New Straits Times, 1997). The article is included in the Required Readings list. Facing tough anti-trust scrutiny from government agencies, ..
Assume wage negotiations are done and agreed based on the CPI. Briefly explain what happens to employers and employees when the CPI is downwardly biased
Describe the interactions between Johnson, the loyal northern Democrats, the Radical Republicans, and the "returning" southern Democrats in the years 1865-1868. Why was Johnson able to survive impeachment?
Calculate the exact cutoff for the interest rate between the firm undertaking this investment project and not undertaking this project.
What is the difference between Microeconomics and Macroeconomics? and what are the similarities? Explain under what conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework. Why n..
Suppose that the required reserve ratio is 6.25%. If the Fed sells $350 million of bonds to the First National Bank. What happens to reserves and the monetary base?
Each child estimates the number of hours per week spent watching TV. At this point, what can be said about the sampling distribution?
Using MACRS, determine the IRR for the project if the company is taxed at the 25% marginal rate. Do not use Section 179.
Other channels of monetary policy. Consider this quote:” Monetary policy does not work simply through lowering interest rates. Sometimes it can directly affect particular credit markets in the economy.” Can you give an example of actions that the Fed..
Show on a graph the market supply of labour considering the graphs of willingness to work and ability to work? and what happens to the labour supply when the willingness to work and ability to work changes?
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