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Determine the four phases of the business cycle? How long do business cycles last? How do seasonal variations and long-run trends complicate measurement of the businrss cycle? Why does the business cycle affect output and employment in capital goods industries and consumer durable goods industries more severely than in idustries producing consumer nondurables?
Assume the total demand for fish and the total supply of fish per month in the Kansas City fish market are as follows:
Two goals of monetary strategy in the United States are price stability and full employment. Explain with the help of the appropriate graphs.
Explain why is a risk analysis so important. In your opinion, which among the factors of the risk analysis carry more weight than others?
Suppose he chooses to drive 10 hours a day explain how many hours of leisure and how much consumption does this imply.
Whre the rest of the world propelled by the requires of developing countries, continued to increase by the historic rate. What would be the US share of total consumption in 2050 in percent.
In this age of globalization, boundaries between firms and boundaries among marketplaces are hardly ever distinguishable.
Illustrate the difference among dollarization, a currency board, and a fixed exchange rate regime. Do you know of any countries that have recently adopted dollarization.
For any given demand curve for right to pollute, the government can achieve the same outcome either through setting a price with a corrective tax or through setting quantity with pollution permits.
make sure to comprise explicit benefits that can be realized by consumers as a consequence of the enforcement of this legislation.
Name various areas of business in the US (or world) where the prevailing market structures have changed dramatically in the past twenty years and discuss the direction of the change.
Illustrate what does the fundamental assumption of marginal utility theory suggest about the connection between money and happiness.
Suppose the following equations discuss a hypothetical economy where both the price level and interest rates are fixed.
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