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Construct the aggregate demand and aggregate supply model of the macro economy and use it to illustrate macroeconomic problems and potential monetary and fiscal policy solutions.
What is an example of a firm which, one might argue, is experiencing either (a) economies of scale, or alternatively (b) diseconomies of scale. What are the advantages or disadvantages the firm in question seems to receive when its scale of operation..
If the expected future exchange rate rises, the currency's
Introduce the debate surrounding abolition vs. equality and how it led to the American Civil War. Why were there significant fears about the impact of freed slaves in the North? Who had the most to win/lose? Your response must be at least 200 words i..
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- or long-term productivity in the United S..
Patricia Hill Collins refers to race, class, gender, etc. as "interlocking structures of oppression." Implied in that statement is that while some
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
To analyze the effects of discrimination in labor markets, use supply and demand curves for labor, with the demand curves representing the value of the marginal product. Acme and United are two identical firms. Acme refuses to hire blacks, while Unit..
Explain how moral hazard, asymmetric information, and adverse selection molded tort law regarding compensation for injuries to slaves, livestock, and free passengers caused by, or occurring on, common carriers (steamboats and railroads). Explain why ..
You are expected to consider the trends in volume/value, types og goods traded.
The Electrotech Corporation manufactures two industrial-sized electrical devices: generators and alternators. Both of these products require wiring and testing during the assembly process. There are 260 hours of wiring time and 140 hours of testing t..
Think of a real-life example of a profit corporation or small business with which you are familiar.
Chloe consumes chicken wing (x) and beer (y). Let Px+Py=M be Chloe’s budget constraint and her utility function is U(x, y)=5xy. Find the formula of income-consumption curve. Find the demand functions of chicken wing.
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