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Consider a competitive market. Starting from the long-run equilibrium, suddenly, fixed costs decrease, although variable costs remain unchanged. Discuss the short-run and long-run changes in market equilibrium. Include all figures and diagrams you nd necessary.
It will increase aggregate demand in the U.S. if the decrease in Canadian unemployment is very large. From what angle do you look at this question? I know that AD = C + I + G + NX. But honestly I have no idea where to go from there.
Assume which the United States presently both produces kumquats and imports them.
The advantages of cloud computing are demonstrated in the fact that software and hardware upgrades are minimized. Another advantage important to IT professionals and just about anyone that accesses data on computers is ___________.
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
1. write down on a paper analyzing dissimilar approaches that might be used by keynesian theorists and2. monetary
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
Compare how equilibrium is attained in the market for goods and services versus the market for real-money balances. (Hint: Explain what force moves the market back to equilibrium if the market is initially in disequilibrium).
elucidate how many popsicles will be sold each day in the short run if the price rises
Why would elasticity of demand be important to you in determining the products on which the taxes should be levied".
If the government wanted to achieve the same change in GDP as in part 8 by cutting taxes instead of increasing spending, how large would the tax cut need to be.
According to Classical economists, which type of fiscal policy financing produces "crowding out?"
What is the equation of marginal costs? At what level of output are average total costs at their minimum?
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