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Suppose the following situation abruptly emerges in the economy: S > I. First, explain what this situation implies. Then, with reference to flexible prices, interest rates, and wages, describe why Classical economists believed this situation would be automatically corrected -- be specific. Then describe why Keynes believed this situation would not be automatically corrected. In particular, explain why he believed this situation could initiate a multiplier process and explain this multiplier process in detail, i.e., step by step. Finally, describe what policy Keynes prescribed in order to fix this situation.
why does a teacher earn less than a firefighter? why does a white male earn more than a white female with the same
The federal government is planning a hydroelectic project cor a river basin. In addition to producing electric power, this project will provide flood control, irrigation, and recreational benefits. Find the benefit-cost ratio for each alternative.
two alternative replacement machines are being consided to replace a current one. machine a has a first cost of 75200
write a 3 to 4 page apa-formatted paper in which you address the questions below. use at least three cited references
a monopolist has two types of customers. there are 100 of type a who will each pay up tp 10 for a single unit of the
if there is a natural monopolyone firm owns all the natural resources in the production of a good such as owning the
How would a change in the nominal exchange rate affect competitiveness in the short run when prices are sticky and business executives and policymakers are often concerned about the competitiveness of American industry
Suppose that Central Bank A's mission is to keep price level stable while Central Bank B's mission is to keep unemployment rate stable. These goals apply both to the short and long run. Explain graphically how each FED would react to a Stock marke..
Computer software utilizes skilled labor relatively intensively.If trade between the U.S. and India is free, which good will the U.S. export and which will it import? What will happen to production of the two goods (increase or decrease) in the U...
According to Exhibitor Relations Co., in 2006 average movie ticket prices were $6.55 and attendance was 1.4 billion; in 2007 ticket prices were $6.88 and attendance was 1.41 billion.a. What happened to total revenue from 2006 to 2007?
characteristics of the job market and employment placement include all the following except (points 5) its very stable unbalanced supply and demand career portals on corporate websites reduce recruitment cost the job market has essentially moved o..
consider a single-product firm under monopoly. the firms profit function is given by pi pq-wl-rk where pprice
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