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(a) "In the classical model, level of output and employment are determined solely by supply sidefactors". ELABORATE.
(b) Classical dichotomy and money neutrality. Explain.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Suppose that a country has a population of 55 million, a labor force participation rate of 66% an an unemployment rate of 5.5% how many people were employed
you estimate that the price elasticity of demand for clinic visits is -0.25. you anticipate that a major insurer will
Lexus was the car brand with the highest consumer satisfaction rating, while Ford only made it to the 24th spot in the consumer happiness ranking. Nonetheless, Ford is selling many more vehicles than Lexus.
Using the table of information below answer the following questions using Benefit to Cost ratio analysis.
Illustrate which of the following statements are examples of positive economic analysis. Which are examples of normative analysis.
What are two possible fiscal policy solutions for the problem? Using a Keynesian approach, you should be able to get numerical solutions. More points are given for numerical solutions.
How does monetary policy control the money supply? How does a stimulus program (through the money multiplier) affect the money supply?
Course outcome(s) practiced and assessed in this Assignment: Analyze the relationship between knowledge-based economic decision-making and economic growth.
Derive each consumer's lifetime budget constraint and state the consumer's problem? What are the conditions which define the consumer's optimal choice
Draw a supply and demand diagram 2. In equilibrium, how many packs of cigarettes are purchased? What is the equilibrium price? What is consumer surplus and producer surplus in equilibrium?3. Suppose that a flat tax of $1.50 per unit is imposed on c..
Supposed that higher income implies higher imports and thus lower net exports. That is the NX = NX (e). what are the effects in a small open economy of fiscal expansion on income and the trade balance under floating and fixed exchange rates
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