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1. If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you suppose that these strategy changes to impact the economy?
2. An economy achieves macroeconomic equilibrium, explain how? How high level inflation have a macroeconomic equilibrium?
3. Joe manufacturer construct a product that sells for $1,000. In the production process, he pays $750 for wages, $125 for materials, and $ 75 for rent. Three-fourths of Joe's o/p is utilized and the rest is invested.
Clarify about both the flow of product approach and wages approach which can be used to compute GDP also the role profit plays in these calculations. Compute GDP for Joe using both the product and income approaches and show how they must agree.
In what ways and to what extent did coffee production contributed to the growth and development of the Brazilian economy before 1930.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
Using a wholesale price of $4 per case in each state, calculate the breakeven output quantities for each alternative.
The Marginal Product of Labor and the Marginal Product of Capital are given.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
The no-trade equilibrium in Foreign. How do the relative no trade prices of computers compare in Home and Foreign.
From what you know about these firms' cost structure, what is the highest possible price per unit that could be existing as the market price in the long run equilibrium.
Write the total and marginal revenue functions.
To find and explain the Nash equilibria of a widespread form game can I use the equivalent normal form game to do that.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
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