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Eighty five years ago, America's 12-year Great Depression began with a crash. The bottom fell out of the stock market on October 24, 1929, signaling the start of the longest and deepest economic decline in the nation's history. Could the crash happen again? Briefly discuss.
A small economy with a floating exchange rate is in reccession with balanced trade. If policymakers wnt ti reach full employment while maintaining blanced trade, what combination of monetary and fiscal policy should they choose
suppose you own a taxi company in new york city. assume further the taxi industry in nyc is described by a perfectly
How important were price considerations in making your college decision? Would a change of a few thousand dollars have mattered and would you expect the price elasticity of demand to be higher for financial-aid students or for non-aid students?
Assume a company has the following demand equation, Q = 1,000 - 3,000P + 10A, where Q = quantity demanded, P = product value, and A = advertising expenditures
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
Government regulation is, at times, a result of market failure. The marketplace can often create efficiencies naturally through supply and demand. Unfortunately gaps of inefficiencies result in market dislocations. Thus governments believe they can r..
The manager of a corporate division faces the possibility of an audit every year. She preferes to spend time preparing if she will be audited; otherwise, she would prefer to invest her time elsewhere. The auditor, who gets recognized for uncover..
find the equilibrium price and quantity of cigarette packs and what is the price received by producers? The price paid by the consumers? The new market quantity?
Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.
To maintain utility constant an income adjustment brought the student to consume the basket (61,92). What are substitution effects and the income ?
if some auction participants for crude oil field leases have estimates that the oil in the ground is worth 1.2 million
1. what types of products are phone services and electricity?2. why does a firm spend an enormous amount on advertising
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