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Frank Hannigan sees a grand piano that his musician friend Scott Kristoff had been looking for in an antique store. Frank enters into a contract to purchase the grand piano from the antique seller and signs the contract, "Frank Hannigan, agent for Scott Kristoff." But because Frank is not Scott's agent, Scott is not bound by the contract. If Scott decides to accept the contract, what kind of agency would be created?
Ben Bernanke has said that the Federal Reserve is going to continue its latest round of Quantitative Easing until unemployment falls to 6.5%. How fast will the economy have to grow to bring unemployment down to 6.5% by this time next year? Assum..
Assume a society manufacture only guns and butter. When it uses all its resources for the production of guns and operates efficiently, it can manufacture 240 guns a year.
Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment. Show the effects of the following events on the Aggregate Demand curve.
What are the market equilibrium price and quantity - What price do farmers need to charge in order to sell all of the milk they are supplying?
What was the result of the Kenedy tax cut of 1964? I believe it is that the unemployment rate decreased and the economic growth rate increased, yet I see sometimes where it states that unemployment increased
1. which of the following is not a topic studied in macroeconomics? gross domestic product the unemployment rate the
Determine when does the idea of opportunity cost indicate? think how the production of one good affects the possible production level of other goods.
A child of a wealthy family is deciding either to work or not work also mooch off her parents. Asume that she is offered a job which pays.
A discouraged worker is an individual without a job who has a desire to work; however, the worker has not actively searched for a job within the last six months, because the worker believes that there are no jobs available. Such a worker is not in..
As a result what happened to the AD curve is unclear. An increase in government expenditures shifts the AD curve to the right while an increase in taxes shifts it to the left. Depending on the relative shifts, the AD curve could shift to the left,..
Illustrate the quantity of laptops demanded, the level of imports of laptops, the price paid for laptops and the consumer surplus
If there are internal economies of scale, why would it ever make sense for a firm to produce the same good in more than one production facility Explain why trade liberalisation has the same effect on an economy as an increase.
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