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Classical and keynesian Economics
State the the difference between the classical and Keynesian economics when it comes to self correcting mechanism and government intervention.
Give an example of economic reasoning and explain what Supply and Demand is. Give an example.
If the helicopter drops $45,000 on the country, what will the new price of a widget be? What is the impact of the helicopter drop on Zebra's level of real output? Explain your answer
1) Explain why it is sometimes said that, in the long run, a monopolistic competitive industry has too many firms producing too many products.
Classify the following as quantitative or qualitative variables - Height, Ethnicity, Number of passengers on a bus.
outline the possible work disincentives created by anti-poverty programs. is there a way to solve this problem without
what is the definition of price elasticity of demand? explain the relationship between price elasticity and total
Explain oligopoly and perfect competition market structures, and identify the key factors that distinguish them - Choose an industry from your home country representing oligopoly.
How would you expect each of the following factors to affect the natural rate of unemployment?There is an increase in the rate of technological change
The vertical portion of the aggregate supply curve shows that at full employment an increase in the price level will:
What were the main causes of the Great Depression of the 1930s? Why did the Depression cause such severe unemployment in industrialised countries? Why were governments around the world so ineffective in dealing with this crisis?
Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j. Suppose that by law the wage is increased (while keeping all the parameters from part (c) unchanged). Wha..
Find the equilibrium price, quantity produced, and quality level.
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