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The structure of the physicians service market has resulted in the development of the supplier-induced demand hypothesis to explain conduct in the market. What are the theoretical and empirical issues surrounding the supplier-induced demand hypothesis.
Some economists prefer to use the term businessfluctuations rather than business cycles toSome economists prefer to use the term business fluctuations rather than business cycles to discuss the historical growth record in the united states because..
Rate the three most important concepts that you have learned in this course in order of importance (one being the most important; three, the least).
The car company pays 40,000 to the steel company to buy the steel and pays its workers 40,000 to make the cars, which were then sold to consumers for 120,000. Using the production gof final goods approach, how much is the GDP in this economy?
Suppose that there are 10 million unemployed workers in a country and 90 million employed workers. Suppose we know that the fraction of workers who lose their jobs in a given month is .02 and the probability that unemployed workers find work in a giv..
All of the following shift the aggregate demand curve to the right except
The theory of public choice
suppose that new producers enter the market and the supply increases to: Qs = -500 + 10P. What is the new equilibrium price and output level? (g.) Show these changes on the graph
In order to estimate the difference between the average hourly wages of employees of two branches of a department store, the following data have been gathered.
Explain how discrimination reduces domestic output and income? Explain 3 of the examples relative to what they do for the beneficiaries of each program.
Does your firm have a dominant strategy? Does firm 2? If so, indicate what this strategy is for each. Given b., find the Nash Equilibrium outcome (actions, payoffs) for the one-time interaction.
Is there a relationship between GDP and the business cycle. If so, explicitate relationship exists and how might a business manager use this information to increase their profits.
Sometimes, when a country is going through economic difficulties, the government will restrict how much money people can withdraw from their bank accounts.
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