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The basic (primitive) Keynesian macro-economic model focuses solely upon the determination of equilibrium in the real sector (goods market). This is made possible by the assumption that the interest rate (RD) is constant. On what grounds can it be argued that, once this highly restrictive assumption is relaxed, we are forced to talk in terms of simultaneous equilibrium in the real sector (goods market) and the financial sector (market for money)?
During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.
What is the difference between probation and parole? What are the advantages of sentencing someone to a community sanction, such as probation, instead of sentencing the person to prison?
Which of the non negativity constraints on x1; x2 will bind for small m? c. Derive for the Marshallian demand functions and the indirect utility function. d. Derive the expenditure function for utility level u.
In 3- 4 paragraphs, give an example of a positive and a negative externality. Would a Coasean solution resolve the economic efficiency of the externalities you cite? Why or why not?
List and describe two positive externalities and two negative externalities the copy Center is associated with in society. Select a business in your community with which you are familiar and describe the positive or negative externalities the ..
60% of the youth between 18 and 30 in Detroit are unemployed, have not completed high school, are at various levels of functional illiteracy, without job skills,
One might expect company in monopolistically competitive market to experience greater swings in price of their products over the business cycle than those in an oligopoly market.
Select a country outside of the United States and research the similarities and differences between the monetary and banking systems of that country and those of the United States.
Illustrtae what does this imply about the effectiveness of monetary and fiscal policy to reduce the unemployment rate.
Suppose the company is considering using an amount equal to 10 percent of its retained earnings to invest in one of the two mutually exclusive projects.
Research monetary and fiscal rules that have affected a particular chosen industry and determine two sources to help you answer following questions about the industry you select.
Substantiate your response with reasons and references to the textbook, lesson presentation, or Websites on the Internet.
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