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Assume that the minimum wage has just been increased by 25% if a company cannot increase the prices of the products that sells it will absorb the wage increase (and continue operating an employee workers at the higher wage) as long as it can still earn positive economic profits after doing so. is this statement true, false or uncertain?
Structural unemployment is frequently caused by:
suppose that national income is initially at its equilibrium level when desired investment falls.we would exceptaa fall
your company manufactures a high-efficiency natural gas furnace. the current price is 2000 per unit. the price
a purely competitive firm finds that the market price for its product is 20. it has a fixed cost of 100 and a variable
Present a model with rational expectations and the Friedman-Lucas supply function. If policy makers and the public have the same information, can stabilization policies in a stochastic context change aggregate demand and output (i) in the short r..
What these articles contribute to understanding the topic or issue and whether they agree, do not agree, or somewhat agree/disagree with the initial article.
Suppose you are about to hire a person for a job in your company. What is the economic problem you face in this situation and what will you do to overcome it
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations.
Ricardian model under free trade, if the MPL in the industry you are not specialized in increases, without changing patterns of comparative advantage, real wages will not change.
Describe the intervention and detail its history. Examine externalities and/or unintended consequences of such intervention. Determine the cost trend of the intervention program since its implementation.
Federal funds in the federal funds market are
Explain why some central banks have decided to undertake unconventional monetary policy in the form of quantitative easing.
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