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1. In the diagram use aggregate demand and short-run ag- gregate supply curves to show an economy at a short-run equilibrium, with a $0.5 trillion contractionary gap when potential output is $9.5 trillion. Identify the equilibrium point and price level. Illustrate how fiscal policy can close the contractionary gap.
2. In the diagram use aggregate demand and short-run ag- gregate supply curves to show an economy at a short-run with a $0.5 trillion expansionary gap when potential out- put is $9.5 trillion. Identify the equilibrium point and price level. Illustrate how fiscal policy can close the ex- pansionary gap.
when wal-mart locates in a smaller town often the local retailers e.g. hardware clothing and appliance stores are
Do corporations have responsibility in the financial meltdown and its aftermath of recession – the most serious since the Great Depression of 1930s? Free-market capitalism dictates that markets create efficient solutions and businesses that fail shou..
Suppose you had information on the impact of spending on public education on the productivity of the labor force. You also have information on how education spending re- duces crime.
Pretend that you are an editorialist, and write an editorial considering whether or not you believe that monopolies should be illegal and defend your argument using pertinent economic theory.
Calculate the chi-square statistic and degrees of freedom for the following set of data for 300 people
before economic reforms were implemented in the countries of eastern europe regulation held the price of bread
Evaluate the "Accuracy" of the forecast for the "hold out period" using RMSE and MAPE error measures used from forecast period residuals and comment them.
How does the market reward those who have invested in human capital-the acquired skills of an individual in the areas of education, training, and work habits? Cite specific examples from your community to support your answer.
Prepare a five minute summary presentation on the company for presentation to the class on assigned date
compare economic development strategies based on import substitutions versus export promotion. your 200 word answer
Are there economies of scope in producing 10 units of product 1and 10 units of product 2?
As a result of the scale effect associated with a higher wage, the quantity of labor demanded is expected to, Unions may attempt to increase the demand for union workers by, Economic theory predicts that the cost of general training will be,
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