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Topics in Applied Macroeconomics
Question:
Write an essay of about 3,000 words using the approaches developed in the module to appraise the fiscal strategy of the Conservative-Liberal Democrat coalition government. You must reference your work carefully and include a bibliography. Your essay must show that you have referred to the Treasury website as well as at least one other website independent of government, such as the Institute for Fiscal Studies or the National Institute for Economic and Social Research, or the Economist or the FT, or something of a similar level of quality.
The capital-labor ratio of a cost minimizing firm in the long run indicates explain how a firm should produce its output, not how much output it should produce.
Illustrate the difference among the midpoint price elasticity.
Illustrate what conclusions can you draw about this period by comparing this cycle to the previous business cycles. You may want to check the links to the two most recent Announcement Dates for further information.
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of o..
A movie production company faces a linear demand curve for its film, and it seeks to maximize total revenue from the film's distribution. At what level should the price be set Where is demand elastic, inelastic, or unit elastic Explain
Suppose N1= 16 and N2= 12. At which lake is the average catch per fisher greater? In light of this fact, how would you expect the fishers to redeploy themselves?
Why would the simple Keynesian consumption function predict that this strategy would work and the nominal interest rate cannot fall below zero. What might the Fed do to try to achieve the optimal real interest rate you calculate in Part b?
Suppose that the assumption in key concept are satisfied. Show that X i is a valid instrument. That is, show that key concept 12.3 is satisfied with Z i = X i .
Suppose a firms production function is given by Q= L^1/2 * K^1/2. The marginal product of labor and the marginal product of capital are given by:
Suppose Firm Y's production function is given by the following Cobb Douglas equation
If the government announced the economy is headed into an expansionary period of rising real GDP and prices, businesses would most likely respond.
Suppose you produce one more pair at a marginal cost of $20. If you do produce that fifth pair of shoe, what will your average total cost be. has your average total cost increased or decrease. why.
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