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Ireland and Spain have been experiencing deep economic crises. The crises were the results of the preceding booms with fast credit growth, house price bubbles and real appreciations. <br/>a) Why could not monetary policy prevent the earlier booms? Explain the dynamics implied by the so-called Walters critique! <br/>b) Could the countries have used other policies to counteract the earlier booms? <br/>c) Ireland and Spain have achieved real depreciations. How is this done within a monetary union? What are the problems involved?
At some universities and colleges, economics professors earn hugh salaries than professors in some other fields.
Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages
Evergreen Landscapers, Inc., owes Friendly Finance Company $5,000. Evergreen enters into a contract with Suburban Office Park under which Evergreen promises to maintain the landscaping on Suburban's property.
Explain the relationship between the price elasticity of demand and total revenue. 2. Is the price elasticity of gasoline more elastic over a shorter or a longer period of time? Explain. 3. Determine whether each of the following is an explicit c..
What is the opportunity cost of investing in capital? Do you think a country can "over invest" in capital?
Assume that some of these drugs are legalized so that anyone may sell and use them.
Suppose Sally only purchases food and clothing, and her utility can be expressed as U = F _ C. Currently-What is her optimal bundle?
Venus Computer can produce 23,000 personal computers a year on its daytime shift. The fixed manufacturing costs per year are $2 million and the total labor cost is $9,109,000.
Calculate the payback period for an asset that has a first cost of $40,000, a salvage value of $8000 anytime within ten-years of its purchase, and generates income of $6000 per year.
In light of the theory of comparative pros are any restrictions on free international trade advantageous
Explain how would the subsiquent changes in price affect total revenue. What are the major determinants of price elasticity of demand.
An employee receives a letter of reprimand that goes in his personnel file but is not demoted and not suffer any other action. Does the letter constitute an adverse employment action? Why or Why not?
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