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Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulation, taxes, etc) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain.
Next, find a relatively news article (within the past year) to support your finding (the news search feature in Google is helpful with this). Summarize the article and its findings.
What have been the consequences of government interventions in managing the State of Florida's catastrophe risk
You are the manager of a local factory that produces plastic bottles for soft drink manufacturers. Your colleague brings an assembly
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 150 items per hour. What if you assign t..
Studies indicate that the changes in fiscal and monetary policy affect the 3 economic agents in the economy (households, firms and government). How do the changes in monetary and fiscal policy instruments affect you personally or work wise?
a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company.
The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that
Would a FCC requirement that a licensee adhere to a format (broadcast program material) that is wished to abandon be (a) administratively enforceable and (b) constitutional?
An increase in Real GDP means that the Production Possibility Curve must move outward. There is no cost to the macroeconomy of current consumption. Increased Capacity Utilization means that the PPF is moving outward. Gross Investment being greater th..
How weight represents the amount of raw materials. Data containing the weight in pounds from a sample of 368 pallets of Bridgetown shingles and 330 pallets of Holetown shingles are contained in Pallet data which can be downloaded from the class web..
The banks hold no excess reserves, Illustrate what will happen to the total money supply. How did you reach your answer.
Did Rockefeller raise or lower the price of oil for consumers? Did he increase or decrease access to oil? What impact did this change have on the living experience of consumers? In particular, were wealthy consumers or poor consumers impacted more?
“Super Neutrality” and Changes in Money Growth in the RBC Macro Model. Consider the basic flexible-price, market-clearing model (which satisfies the Classical Dichotomy) in which r and Y are constant as long as there are no shocks to preferences or t..
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