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If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins an economy? How are they related to the Keynesian Cross and/or the Aggregate Demand/Aggregate Supply Diagram
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a wide variety of tasks. Does it make sense for people with high abilities to go to small firms
Difference between average total costs and average variable costs and the avenge fixed cost of producing 10 units of output
An increase in the dollar price of yen necessarily means a fall in yen value of dollars. Do you agree? Discuss and explain; The critical thing about exchange rates is that they provide a direct link.
Discuss and explain whether demand, equilibrium price, and quantity increases or decreases for gas and red meat, respectively, in the following two scenarios.
A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use a discount rate of 6%.
Explain how could government make a choice among two health effects.
Contrast the market demand/supply curves and the individual firm's labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm's demand for labor
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.
- perfume: A $100 bottle of perfume may contain $4 to $6 worth of ingredients - Jeans and "alligator/animal" shirts: The "plain pocket" jeans and the Lacoste knockoffs often cost 40 percent less than the brand-name items, yet the knockoffs are ess..
Illustrate what factors might explain closer than expected correlation observed.
Using the exchange rates and prices in the tables above:
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