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Keynesian economics and neoclassical economics have been challenging, attacking and refuting one another ever since his General Theory from 1936.
(a) outlines the basic dispute between them and
(b) explains why so old and often repeated debate continues to be a major concern of the mainstream economics profession.
List three reasons a company may choose to have annual board self-evaluations to ensure that executives follow all applicable policies. How the New York Stock Exchange guidelines for independence affect corporate governance. What would the benefits a..
Many small boats are made of fiberglass, which is derived from crude oil. Suppose that the price of oil rises. Using diagrams, show what happens to the cost curves of an individual boat-making firm and to the market supply curve. What happens to the ..
Let’s say there are 50 firms in a perfectly competitive market, each with firm supply curves of q=0.6P -15. Market demand is given by Q= 1250 - 20P. Find the equilibrium market quantity and price.
Again, thinking in terms of marginal propensity to consume, under what circumstances would your tax proposal increase total consumption spending? What other policies could be enacted to increase total consumption spending?
If a prospective employee is not offered his/her reservation utility or reservation wage, then he/she will
In practice, the primary tool used by the Federal Reserve to control the money supply is
Assume that the U.S. interest rate is 5%, the European interest rate is 2%, andthe future expected exchange rate in 1 year is $1.224. At approximately what exchangerate will the returns between the United States and Europe be equalized?
Consider two countries, Germany and Sweden. Both countries are at full employment, and Germany devotes a larger portion of its production to capital. Germany is a poorer country than Sweden. Germany will move up on its production possibility curve (p..
Illustrate graphically and explain in words how the marginal rate of technical substitution falls as you move down an isoquant curve. Look at the figure Price Controls. A price ceiling has been imposed at point d. Identify the areas that correspond t..
q1. the banking market in athens ohio currently has four banks with market shares of 60 percent 20 percent 15 percent
Please explain the difference between nominal and real variables and give two examples of each.
Discuss what happens to Marginal Benefit (MB) and Marginal Cost (MC) curves of Insurance in the following cases: Insurance Premiums decreases
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