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Explain what causes the shift in the Short-Run tradeoff between inflation and unemployment?
Analyze the effects of Tax Cuts, Increasing Government Purchases, and Quantitative Easing using the IS-LM model. Do you believe that all these policies are effective to stimulate the economy?
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil. Explain, using economic terms, why this is so.
Why might variations in the dollar's value in terms of other currencies cause the trade deficit to move independently from the changes in the government budget deficit.
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case.
Which of the following government actions promotes monopolistic behavior?
AZ approved 98 patients for organ transplants, but those patients have been told they can no longer receive transplants because of budget cuts. The state is facing a $1.5 billion budget deficit and has cut all of their state-funded lung transplants a..
Using iterated elimination of dominated strategy (IEDS), find the equilibrium of the game below:
Illustrate what is the constant term if the equation for the demand curve is written in the form.
q1. a monopoly with constant marginal costs of 50 can sell to three groups of potential consumers with demands q1 800
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits?
Ace contracted with Jones to do certain remodeling work on the building owned by Jones. Jones supplied the specifications for the work. The contract price was $70,000. After the work was completed, Jones was dissatisfied and had Clay, an expert, comp..
Place the items into the columns according to whether a change in the item would cause the curve to shift. If an item's change shifts more than one curve, place it in a single column according to this order: Long Run Aggregate Supply - Short Run Aggr..
"The Heckscher-Ohlin Trade Theory is about how two countries can get greater gains from trading with each other if they have different resources one have more labor and the other have more capital. The Trade Ruler game is set in "the Hechscher-Ohlin ..
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