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There is a short-run tradeoff between inflation rate and unemployment rate. In the short-run the tradeoff of between inflation rate and unemployment rate creates a challenge for macroeconomic policymakers.
Mention three businesses that you are familiar with or that you have dealt with recently. Decide on which market structure that these businesses fit – perfect competition, monopolistic competition, oligopoly, or monopoly. What characteristics were mo..
All around the world, governments to varying degree subsidize education and healthcare. What economic concept justifies these policies? In a short paragraph discuss and use an economic model to show the impact of subsidies on market for education.
Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your ci..
Consider a hypothetical economy without government or international trade. Households spend $0.90 of each additional dollar they earn and save the remaining $0.10. Even when they have no income, they spend $100 in total. Firms plan a total of $150 in..
Ken and Daniel always eat miso soup and sushi in exact proportions – one miso per twosushi. They throw away any extra soup or sushi as it would not give them any pleasure. Draw the Edgeworth box for Ken and Daniel. Please put Ken at the origin and Da..
Explain how can tax cuts help revive the economy.
International Finance: Directions: Pick a recent news article that is directly related to any of the topics. Summarize the article, include a link, and a reflection that relates it to the topic of choice. 500 words min, You must include a few quest..
The values are private. What is each bidder's optimal bid? Who wins the auction and what price does she pay? What is each bidder's consumer surplus?
What do you expect to happen to your sales. How would you answer parts a and b if you expected a 5 percent increase in income instead of a decrease.
As a result of the fall of the “iron curtain” in 1989, many Americans felt less threatened by Russia and called for massive reductions in the defense budget as a “peace dividend”. Illustrate the changes that would occur by graphing the adequate curve..
What are the ways of reducing transaction costs? Do you think online shopping is good for reducing transaction cost? Is there any disadvantages?
Identify one product in your home that is made elsewhere. Why was this product imported? (Hint: think comparative advantage and mutual gains from trade) Some oppose free trade. What are their reasons and how does this apply to the product you identif..
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