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Question: Supply and Demand, A Process of Coordination
What would have happened if there had been no laws against price gouging and the price of gasoline immediately after Sandy had hit $50 per gallon? You may certainly wish to comment on ways that life would have been worse but I want you to specifically comment on ways that life would have been better for New Yorkers. How would high prices have helped to make economy function better?
Consider the following production function: Y = AK^aL^(1-a), where Y is units of output, K is units of capital, and L is units of labor. Both A and are constant parameters characterizing the production technology.
What services do Shadow Banks provide? What are the advantages of using a Shadow Bank? What are the disadvantages (risks) of using a Shadow Bank? How are Shadow Banks regulated or are they regulated?
Briefly write and explain Friedman's methodology of "Positive Economics". Do you think the discrimination of economics as "normative" and "positive" is a logical move in building theory?
What will happen to money demand over time? If the Fed leaves the money supply unchanged, what will happen to the interest rate over time?
Using your own words, define market imperfections. To support your definition, include at least two examples. Do not include the examples from the book create your own examples.
Calculate the velocity of money if real GDP is 3,000 units, the average price level is $4 per unit, and the quantity of money in the economy is $1,500
In the short-run specific-factors model, consider a decrease in the stock of land. For example, suppose a natural disaster decreases the quantity of arable.
Identify and briefly describe the organization, D.R. Horton. Explain why this will be an interesting focus for the application of macroeconomic ideas.
Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 100 Japanese yen, but it finds that the value of yen is appreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend
The Joe firm is experiencing financial problems. Its dividends and earnings are falling at a constant rate of 7 percent per year. It's stock just paid a yearly common stock dividend of $1.50 per share;
What are the major differences between capitalism, communism, and socialism? B. Discuss the three major economic indicators and how they are indicative of our current economic climate.
BUS700 Economics Assignment: Individual Critical Analysis Team Research. Topic: Critical analysis and evaluation of market power in Australia's supermarket industry: Coles vs. Woolworth*.
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