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At the intersection of the short run aggregate supply curve (SAS), the aggregate demand curve (AD), and the long run aggregate supply curve (LAS) all occurring at the same point, the economy is:
A. in a short run equilibrium but not a long run equilibrium.
B. in a long run equilibrium but not a short run equilibrium.
C. in both a short run and long run equilibrium.
D. in neither a short run nor long run equilibrium. Review
q. assume labor supply is given by w102ls where w denotes the wage. labor demand is given by w 100-ld.a compute
Suppose the Red Sox can segment their fans into young fans and senior citizens. Young fans have the demand curve p = 120-10G (MR = 120 – 20G). Senior citizens have the demand curve p = 60 – 10G (MR = 60 – 20G). Assume that MC = 0. What are the equili..
Elucidate how long must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
What is meant by "risk premium". Risk premiums on corporate bonds are usually anticyclical; that is, they decrease during business cycle expansions and increase during recessions. Why is this so.
Choose one country that has an undervalued or overvalued currency and explain a possible reason for this. Supply a counter response to a fellow student regarding the previous questions and provide your reason for why that country's currency is under ..
q1. if michael has 48 to spend on cola and pretzels what combination should he purchase in order to maximize his
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Some countries have fixed exchange rate systems instead of flexible exchange rate systems. Which of the following is a reason why fixed exchange rate systems have limited abilities to use monetary policy?
q.frank knight has a job as a sales manager earning 100000 per year and he is deciding whether to purchase a bakery
One of the three ADM executives was actually an informant who tipped off the Feds about this conspiracy. Which executive was he. Why did he rat out his co-workers.
Assume that Wal-mart is the only employer of retail workers in a small town in Indiana. As a local non-discriminating monopsonist, Wal-mart faces a labor supply curve given by: Find Wal-Mart’s Total Labor Cost and Marginal Cost.
Suppose that the market for polo shirts is a competitive market. The following graph shows the daily cost curves of a firm operating in this market.
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