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In your own words, describe the series of events that led to the “Great Recession” over the 2007-2009 period. Hint: In the vocabulary of Chapter 9, an asset price bubble in what sector of the economy started the the chain of events that ultimately led to the recession? What role, if any, did subprime mortgages and innovative but risky mortgage innovations play in this story? Did securitazation play a role in this story? Please explain?
Draw a diagram that describes the circular flow model of the economy. Now modify it to include the role of the environment in sustaining economic production.
For the Portfolio Project, conduct an analysis of a recent article and provide your evaluation and outcome expectations in an articulate and informative paper that discusses: A minimum of three general economic principles related to the article. Iden..
The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
Consider an economy described by the production function: Y = F (K, L ) = K^(2/3)L^(1/3). Find the per worker production function. Find the steady-state capital stock per worker as a function of the savings, population growth, rate of technological c..
Elucidate what does either player have a dominant strategy. Explain is there Nash equilibrium in this game.
Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n) Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. ..
A Spanish can either produce 3 liters of win or 1 kilos of cheese. A Portuguese worker can either produce 4 litres of win or 12 kilos of cheese Which countries have absolute advantages in which goods? Which countries have comparative advantages in wh..
Suppose that the position of a nation’s long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this event?
q.in 2008 financial crisis has basis macroeconomists to re-think monetary as well as fiscal policies. financial experts
The government sets a price floor of $5 in the above market. Is this price control binding? If so, is there a shortage or a surplus and what is its magnitude.
Externalities. A neighbor has rented his house to students who like to party late into the night. I like to get to go to sleep early to make it to my 8AM classes. What are the conditions of an efficient resolution to this dispute?
Identify an issue with opposing sides affecting your country, state, or city. Good sources to use for learning about this issue include CNN, the Washington Post, New York Times, and the Pew Research Center. Discuss the issue and offer some answers to..
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