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Assignment:
Many people feel the Fed, which is largely independent of Congress and the President, is too powerful. In fact, the Chairman of the Fed Board of Governors has been called the second most powerful person in the country. Do you think the Fed is too powerful? Should Congress have more oversight of the Fed? Share your thoughts.
The economy has 100,000 adults , 10,000 are full time students and 20,000 are retired, the rest are either working or looking for work,and of those 7,000 are looking for work. How big is the labor farce/ what is the labor forc participation rate.
Show the effect of declining unionization rates using the graphical labor market model. What happens to real wages and unemployment? Explain briefly.
For each of the determinants of demands, identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles such as the Toyota Prius. Then do the same for each of the determinant of supply. In each instance.
Explain how your policy would help increase aggregate demand. That is, does it increase C, I, G, or X? Explain what would happen to prices (i.e. inflation).
Write an equation for Mary's BL2. In words describe any similarity between BL1 and BL2: explain why this similarity exists.
You are the manager of a firm that produces and markets a generic type of soft drink in a competitive market. In addition to the large number of generic products in your market, you also compete against major brands suh as Coca-Cola and Pepsi.
What happens to each market listed below after the central bank sells treasury bonds?
For a linear demand line, the slope is constant and so is inverse of the slope. Why then the price elasticity of demand different at each point on the demand curve?
Explain how does your organization go about estimating its sales. How does it estimate the demand for new products so that it can prepare a production run.
It is clear that more education results in higher average life time earnings. Therefore, can we conclude that it is always a good investment to spend more income getting more education?
Suppose that the costs of continuing the trial cause the firm to stop the development of the drug. Are the costs of continuing the trial considered sunk costs?
Find another example (painting) on the Internet and explain why this is a great example. Talk in terms of elements and principles.
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