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Distinguish between the short-run and the long-run in a macroeconomic analysis. Why is the relationship between unemployment and inflation different in the short-run and the long-run?
Calculate the price elasticity of demand for both classes using the mid-point formula - Describe the relationship between total cost and average cost.
What level of output maximizes profit or minimizes loss? Should this firm operate or shut down in the short run? Why? Does Wal-World have a dominant strategy? Briefly explain. Does Tarbo have a dominant strategy? Briefly explain.
Monetarists disapprove of how the Federal Reserve conducts monetary policy. What is it about the Fed's policy process that bothers them? Discuss their criticisms.
If the firm makes the special dividend payment, what will your total wealth be? If the firm repurchases shares, what will the new EPS be?
Describe the economy's stage in the business cycle and evaluate current macroeconomic conditions.
Describe briefly the reasons why the following transactions would or would not be included in GNP and compare and contrast stabilization policy recommendations of monetarists and activists.
1. In the short-run when at least one factor is fixed, adding a variable factor such as one more worker should only be done if that worker can make the firm money, which is the same as saying that the diminishing MRP of labor must be greater than ..
Suppose 5 returns are selected at random. What is the probability that the average time taken to audit these 5 returns will be at least 24 minutes?
Irrigation improves the yield of strawberries per acre (measured in pints) according to the fucntion S= -(w-2)^2 + 50 where S is the number of pints of strawberries grown per acre and W is acre acre feet of water used. strawberries sell for $4 pe..
For this assignment, search the CSU Online Library and the Internet for an example of a company that has made a make or-buy decision. Provide an example of a company that has made this kind of decision. What considerations were involved in the dec..
Differences between Classical and Keynesian views of economy. Explain the situations that led to development and dissemination of Keynesian economic theories.
Assume that full-employment GDP is £500 billion and that current GDP is £450 billion. Assume also that the mpcd is 4/5. (a) Is there an inflationary or deflationary gap?
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