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Write a cohesive, accurate and easy-to-understand essay that someone new to economics could use to understand the idea of "marginal" and how marginal analysis works to help us make better (even "optimal") decisions.
Graphs and adding business and household life is strongly encouraged!
Is income inequality as it exists in the United States at presentbeneficial to the market? Why or why not?
Consider your favorite consumer product, How would you describe the elasticity of demand for this product - is it highly or somewhat elastic or inelastic? Why?
Say the Federal Reserve wanted to increase the money supply in order to lower interest rates in order to stimulate the economy so that unemployment will be reduced. What are the negative effects of this situation?
1. when the price of a box of herbal tea bags rises from 0.99 to 1.21 the quantity offered for sale rises from 400000
Define the following in three senctence minimum definition.
If Coke's price increases, what will happen to the demand or quantity demanded for Pepsi, all other things being equal?
In the Keynesian model equilibrium national income: Question 1 options: occurs at the point where the consumption function crosses the 45-degree line. equals planned consumption
It is impossible to select as BMW's and laser printers are fundamentally different goods with different purposes.
Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing firms in Texas will (decrease/ increase). The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will (..
" Technological change eliminates thousands of jobs every year. Unless something is done to slow the growth of technology, ordinary workers will face a bleak future of low wages and high unemployment."
Do you think that with the back to school sales tax free holiday, that results in businesses investing more?
Utilize the dynamic aggregate demand and aggregate supply model to answer the following questions for 2007-2009 recession: 1) How were GDP, inflation, and unemployment affected during the recession, and how does the model show this?
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