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Do you think the government, using both fiscal policy and monetary policy, faces any trade-offs in trying to control for inflation vs. unemployment. What do you believe is more of a problem towards long-term economic growth: persistent inflation or unemployment? Make sure to use your readings and what you learned in the modules to justify your arguments.
What will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
Assume the Frisco RoughRiders (a AA minor league team affiliated with the Texas Rangers) has a demand for tickets given by P=50-10Q, MC=5, where Q is equal to tickets in 1000s. What is the equilibrium price and quantity of RoughRiders tickets if they..
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack, natural disaster, rise or fall in oil prices due to OPEC policies, consumer optimism or pessimism abou..
Sidney makes $200 per week. She buys only two items: pizza and beer. The price of a pizza is $5 and the price of each beer is $2. What is the x-axis intercept for the above budget constraint? What is the slope of the above budget constraint? What is ..
Which fiscal balance is likely to be influenced and Explain how by treating human capital investments the same as physical capital investments.
Under the UCC, if no price is stated in an offer but the parties express an objective intent to contract, there is reasonably certain basis for providing a remedy in case of a breach, and a quantity term is included in the offer:
Consider a contractual setting in which two players have agreed to invest (play I) in a cooperative enterprise. However, since their agreement, but before they have made the investments, some costs and revenues have changed. Circle the Pareto efficie..
What is total cost of saving water. Illustrate what is marginal cost saving 1 meter cubic of water.
A student has not yet graduated from school but is looking for a job. Is the student considered to be in the labor force? Why or why not? In what ways is GDP a misleading measure of economic performance? Is real GDP per person a sufficient measure of..
The rate at which one input may be substituted for another input in the production process, while total output remains constant
Is there an ethical issue with corporations that have large layoffs to meet the desires of shareholders and then pay executives high salaries? How does this affect the company's profit minimization and how much profit is "maximum" profit?
Match each principle to the scenario. Each principle is only used once. The Cost of Something Is What You Give Up to Get It. Rational People Think at the Margin. People Respond to Incentives. Trade Can Make Everyone Better Off.
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