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Shocks to an economy, such as wars, famines, or the unification of two economies. often generate large one-time flows of workers across borders. What are the short-run and long-run effects on an economy of a one-time permanent increase in the stock of labor? Use a diagram to guide your arguments.
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 4%, the growth rate of the velocity of money is 9% and that the real economic growth rate i..
You own a fresh vegetable stand. Last week you decided to raise your carrot prices from 79 cents per bunch to 99 cents per bunch. Subsequently, you noticed that several of your regular customers were buying 2 bunches instead of their usual one. In fa..
illustrate what do you think will characterize the goods which the EU exports to the United States also the goods which the United States exports to the EU.
A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,738 per year, paid at the beginning of each year, in which case maintenance is provide. Alternatively, she can buy a use..
q1. a television station is considering the sale of promotional dvds. it can have the dvds produced by one of two
Illustrate which of the three cases, if any, do you think that demand has increased more rapidly than supply. Explain your reasoning.
If you turn this measure of cost around, illustrate what is the prospect cost of cheese in liters of milk per gram of cheese.
The graphical relationship between real gross domestic product (GDP) and capital is called the:
At what price is the price elasticity of demand equal to zero? When the price elasticity of demand is equal to 1, what will be the quantity demanded at this point?
Betson Enterprises distributes and markets the Big Buck video game, which allows players to "hunt" for elk, antelope, moose, and bucks without shivering outside in the cold. E-sports Entertainment in NYC purchased five machines for $6300 each and too..
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be er..
Using the method of the Lagrange multiplier calculate the prices that you will charge to so that the profit is maximized and at the same time the stadium will be filled to capacity. Calculate the number of each type of tickets sold, as well as the co..
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