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Briefly describe, in terms of the AS-AD framework where you think the economy is today. Where are the SRAS and the AD curves intersection with respect to the LRAS: is there a positive or negative output gap and what are the indications of this? Is the upward or downward price pressure and what major factors are contributing to this?
How do diminishing marginal returns ensure that an economy's capital per worker always returns to its steady state value
Disney, Lucas film and Paramount studios were sued by the Institute of Archeology of Belize for using the likeness of ---------------------- in the movie ----------------------------.
What effect will this action have on the interest rate in the economy? (Use the appropriate graph to illustrate the effect and explain)
discuss trade restrictions as they pertain to the United States? Identify three reasons why the United States imposes trade restrictions on importing countries.
Using the data in the above table, what is the real GDP for year 2005 in billions of constant dollars
A purely competitive firm finds that the market price for its product is $20. It has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all successive units. For each of the first 50 units, do..
Suppose that the banking system of Upperland has excess reserves of $50 million, the desired reserve ratio is 25 percent, and the currency drain ratio is 50 percent. By how much will the quantity of money increase?
How do you feel the government should be spending or saving money?
Why studying macroeconomics is essential for business students and how macroeconomics can help you in decision making for your business?
Suppose that the repeated application of a pesticide used on orange trees causes harmful contamination of groundwater. The pesticide is applied annually in almost all of the orange groves throughout the world.
Describe (with appropriate figure) short run and the long run impact of immigration on native labour market when the immigrants and natives are complements.
suppose that work hours in new zombie are 300 in year 1 and productivity is 14 per hour worked. what is new zombies
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