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If the demand for money depends positively on real income and depends inversely on nominal interest rate, determine what would happen to the price level today if the central bank announces [and people believe] that it will reduce the money growth rate in the future, but it does not change the money supply today?
Assume the effects on salaries and employment of such agreements. Also, indicate some of the reasons why they may be difficult to enforce.
The production possibilities curve is an important model of how much an economy can produce given resources & technology.
Explain how does the availability of substitutes affect purchasing decisions.
illustrate what it implies for the relationship between labour supply and productivity growth.
Assume that the economy is currently in a recession. If policy makers take no action, how will economy evolve over time? Describe in words and using an aggregate demand diagram.
The mine operates on a three shift depends per day , 6 days a week. Allows for availability the mining system operates 5,000 hours per year.
Microeconomics is considered to be the study of scarce resources. Elucidate the three trade-offs within a specific good/service within your local area.
Consider a firm selling two different products at two different plants. The cost function for both plants is given by C (q 1 , q 2 ) = q 1 2 + αq 1 q 2 + q 2 2 .
Explain the various components of fluctuations in economy activity over time. Because economic activity fluctuates, how is longterm growth possible?
Reflecting back on what you learned about sustainable management practices throughout this quarter; determine 5 activities that illustrate sustainable management of resources that you pursue in your everyday life.
Describe the maximum and minimum amounts that can be produced
Illustrate is the relationship among the variable that you selected and the economy. What trends do you see in the data sets. Support your assertions of trends with statistical evidence.
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