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Marginal benefit curves
When negative (or positive) externalities exist economists say that the market has failed to produce the right amount of the good at the right price. What do economist mean by this? How do they determine what the right amount of the good is?
Illustrate what will happen to the equilibrium level of income if investors become optimistic about the country's future and raise their investment.
In specially in relation to inflation and unemployment in terms of both rational and adaptive expectations.
Explain why does the magnitude of price elasticity differ in a and b above, although the same set of price-quantity combinations are used to compute the price elasticity of demand
Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.
Identify and describe the five sources of growth? Mention and explain four categories (types) of policies designed to promote growth.
Southeastern Bell stocks a certain switch connector at its central warehouse for prividing field service offices.
Elucidate as carefully as you can why borrowers would be willing to pay a higher rate of interest.
Illustrate What would happen if prices were lowered when demand was inelastic
Illustrate what are the four stages of the Business Cycle. Compare and Contrast five internal and external Business Cycle theories.
Elucidate how the price level will be affected by these expenditures in the short-run. Explain how GDP is affected in the long-run.
Discuss an adjustment process using AD and AS analysis that will ensure that the economy will return to full employment.
GDP only raise by three quarters of the expected amount. Illustrate what factors might be responsible for this situation.
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