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A. The accelerator principle states a higher growth rate of real GDP results in higher planned spending. Will this lead to more volatile investment relative to consumer spending?
Explain.
B. Explain why a high level of aggregate unplanned inventory might make it difficult for an economy to recover.
Suppose each monopolist is allowed to sell both domestically and export the good. At what price will the good be traded? What quantity will each firm sell domestically and what quantity will it export?
Environmentalists argue that we should protect the environment as much as possible, regardless of the cost involved. Which of the following is one of those costs?
A rightward shift of the long-run aggregate supply curve is caused by
A person who eats a first chocolate from a box of candies, and then a second, and a third, and so on (and nothing else), in an afternoon experiences a: simultaneous rise and fall in both total and marginal utility
A petroleum engineer estimates that the present production of 400,000 barrels of oil during this year from a group of 10 wells will decrease at the rate of 15% per year for years 2 through 10. Oil is estimated to be worth $25 per barrel. If the inter..
q1. due to the housing bubble many houses are now selling for much less than their selling price just two or three
Two firms, the Alliance Company and the Bangor Corporation, produce vision systems. The demand curve for vision systems is P = 200,000 - 6(Q1+ Q2) where P is the price (in dollars) of a vision system, Q1 is the number of vision systems produced and s..
Assuming the policymakers do nothing, use the diagram below to show the effects of the consumer pessimism on aggregate demand.
Bring your own device to work is becoming more popular everyday. Please present the pros and cons of BYOD to work. Then choose a side and provide support for your position. Be sure to address the ethical and security issues.
Explain whether the essay by Wayne F. Cascio, "Decency Means More Than "Always Low Prices": A comparison of Costco to Walmart's Sam Club," tends to support the position of Milton Friedman or R. Edward Freeman? Why?
The Mortensen-Pissarides (MP) framework of search labor is the thing in analyzing (equilibrium) unemployment over the business cycle. Shimer showed that the lack of hires is the big margin that affects the volatility of labor. Since then people tried..
Constructive Eviction and the Implied Warranty of Habitability
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