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The Keynesian approach to macroeconomics assumes that
A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets.
B) wages and prices adjust quickly to balance quantities supplied and demanded in markets.
C) prices, but not wages, adjust quickly to balance quantities supplied and demanded in markets.
D) neither wages nor prices adjust quickly to balance quantities supplied and demanded in markets.
What is A graphical representation that shows the possible combinations of two products that an economy can produce, given that its productive resources are fully employed and efficiently used?
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
Utlizing the aggregate demand and aggregate supply model, draw an economy in a boom.
a. the publics preference is to hold their money as half cash half demand deposit. reserve requirement is 25. determine
Show how it relates the AD-AS model,increasing budget deficits will make the economic recovery uncertain and will hamper future economic growth.”
I need a help in completing macroeconomics assignment
1. Your boss tells you that the price elasticity of demand is -0.89 for immunizations. She claims that this means your clinic can raise prices and there will be no change in demand for immunizations. Explain whether she is correct or incorrect.
From the Bureau of Labor Statistics Web page (www.bls,gov/cpi) , find the answers to the following questions:How is the CPI used?
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 5 percent. Describe how this unexpectedly high inflation rate would help or hurt the following:
Is demand for movie tickets elastic or inelastic? What is the change in the total revenue from the sale of movie tickets.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Third National Bank has reserves of $20,000 and checkable deposits of $100,000. The reserve ratio is 20 percent. Households deposit $15,000 in currency into the bank and that currency is added to reserves.
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