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If the economy was in a recession, would you use fiscal policy or monetary policy to promote economic growth? Defend your answer with reasoning.
Early Classical economists found the following "diamond/water" paradox perplexing
Identify any additional information you would need to recommend a solution, and explain where you would likely find that information.
You now know everything you need to know to be an informed critic of the Affordable Care Act. Based on all that you have learned, how does the Act measure up to our three goals of 1) increasing quality of care, 2) increasing access to care and 3) kee..
If the cost of producing Newton’s Donuts is constant at $0.15 per donut, should they reduce the price and thereafter, sell more donuts (assuming profit maximization is the company’s goal)?
What are the potential equilibriums
How does an increase in an excise tax on cars affect the supply of cars. more cars will be made or fewer cars will be made or else.
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 - 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 which results in marginal cost of MC = 1 + 2Q.
Explain the relative income hypothesis theory as used as a theory of consumption in macroeconomics.
What is meant by testing a hypothesis? What is the general procedure and What is meant by type I and type II errors?
A pharmaceutical produces vaccins using labor (L) and capital (K) with the following production function: ?? = 0.5??^2/3 ??^1/3.
What internal factors contributed to the decline of the Islamic empires?
Suppose that the firm's production function is given by Q = 10KL1/3. The firm's capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
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