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Explain why the steady state growth rate of aggregate output is increasing in the population growth rate if steady state output per capita is a decreasing function of the population growth rate.
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
This requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates.
What is the total amount of US government debt as of the time you look it up?
Studies have shown a link between rising debt-to- GDP ratios and real interest rates. Investment is not the only category of spending that might be sensitive to interest rates.
Suppose the Fed responds quickly to these shocks and adjusts monetary policy to keep unemployment and output at their natural rates. What action would it take?
Explain how governments restrict international trade and who benefits as well as who loses from the restrictions - Cisco and other major corporations close down their American operations and move to Africa?
This section should focus on external factors that can cause markets to move, and how and why those factors influence performance.
What does this equation imply, or not imply? What are its political implications? How must one be careful when applying it to real world situations?
(a) What is the equilibrium price? $ (b) If a minimum price (price floor) of $8 is set, (i) What kind of disequilibrium situation results? (Click to select) shortage surplus
Researchers at Tourism Queensland have found that Backpacker accommodation has an income elasticity of demand co-efficient of 0.75.
There is much that can be learned from the partition of India and Pakistan. It is also easy to see problems when we are looking back on them as history, but if you are a student of current events
Discuss the differences among commodity money and fiat money, making sure to explain what makes fiat money work.
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