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Explain how an increase in the labor force participation rate (LFPR) may a⁄ect Long Run Aggregate Supply and Short run Aggregate Supply.
Test an appropriate hypothesis and state your conclusion. (Make sure to check any necessary conditions and to state a conclusion in the context of the problem.)
Suppose that Malaysia wants a stable exchange rate with respect to the dollar, and also wants to retain the ability to have an independent monetary policy. Are these goals consistent? What measures will Malaysia have to take so that it can achieve th..
Assume that there are two types of consumers. In particular, consumers of type 1 has utility function u(x, y) = x0.5 y0.5, whereas consumer of type 2 has u(x, y) = x0.3 y0.7. Find the Marshallian demands of x for both types of consumers. Compute the ..
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
A building is priced at $250,000. If a down payment of $25,000 is made and a payment of $5000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 9% compounded monthly.
A country’s national saving is 20% of its national income and it needs $4 worth of capital for producing $1 worth of goods and services on the average. The economic planners want the country to grow at the rate of 10% per annum and expect that there ..
Gopher Excavators produces shovels in a small factory and sells the shovels in a competitive market. The following table shows the company's production function
If a monopolist wishes to increase its output and quantity sold
Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service - Describe the local economy's stage in the business cycle.
Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -2. The marginal cost of producing the product is constant at $275, while average total cost at current production levels is $360.
Consider the market for chocolate. Say that bad weather has hurt cocoa bean crops. At the same time, people are wanted to eat more chocolate. Which event affects demand, and which affects supply? What would be the effect on equilibrium price and ..
Explain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand. How is the aggregate supply curve different from the supply curve for a single good, like pizza.
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