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Explain why, For a country having full employment of its resources, an increase in production of public sector goods can only be possible when there is reduction in production of say, consumer goods onlike for an economy undergoing recession
Assume initially that the exchange rate is $2 per pound, and a particular car sells for $20,000 in New York and 10,000 pounds in London. Create new prices and a new exchange rate that will yield PPP.
You are to be part of a panel of three local person considered to have experience in international business.
The extensive application of protective tariffs destroys the ability of the international marketplace system to allocate resources efficiently.
Explain how the aggregate expenditure function shifts in response to changes in each of the following variables:
The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q T ) supplied to the market.
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
Indicate 5-of the world's economies that are the most free. How do income levels and growth rates of freer economies compare with the that are less free?
Make a brief history of the FEDERAL RESERVE system and explain the organizational structure of this agency as well as the role the Fed has in drafting and implementing United State Monetary policy.
Illustrate what can you infer from this data about the rate of labor productivity growth in the US economy during this period.
Illustrate what effect on the potential industry profitability would Porter's Five Forces framework suggest this new technology has.
Discuss the three main factors that determine aggregate money demand. Illustrate, with examples, how changes in these factors alter aggregate money demand.
Compute the implied arc price elasticity of demand. Is a further price decrease warranted.
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