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What are some examples of irreversible investments? I know they're investments that have high value only under specific conditions and can't be easily moved, adjusted, or reversed if conditions change, but I don't know what are real-life examples.
5. (Changes in Aggregate Supply) List three factors that can change the economy's potential output. What is the impact of shifts of the aggregate demand curve on potential output? Illustrate your answer with a diagram.
Discuss how the requirement of a goods and the availability of substitutions impact price elasticity.
What is human capital, and how is it different from strictly the quantity of workers available for work? Name three ways to increase a nation's human capital. Is an increase in the size of the labor force also an increase in the human capital? Exp..
The assignment problem pertains to recent macro-economic trends in the world. The report is an in-depth analysis on European Monetary Union's role in the bailout package issued to Spain and Greece.
consider four independent variables for inclusion in a regression model. Select a sample of 30 observations. Results: 1. the model includes independent variables A and B and has a Cp value equal to 4.6. 2. the model that includes independent varia..
Many important economic theories develop as a result of particular economic crises facing societies. Can you locate any such cases with Thomas Malthus, David Ricardo, and Karl Marx?
Explain what happened to the equilibrium price level in Japan during the early 2000s. Flow did Japan's equilibrium price level adjust between the middle of 2008 and early 2010?
Illustrate what are those key objectives and what are the key tools does the Fed use to achieve those objectives.
Diffrence between Federal funds rate and the prime interest rate. Explain why is one higher than the other? Why do changes in the two rates closely track one another
Is either of the selected countries still in an agrarian phase of economic development? An industrial phase? Explain. Can you find a country that is still in the agrarian phase of development
Suppose that aggregate price level is constant, interest rate is fixed, and there are no taxes on foreign trade, how much will the aggregate demand curve shift and in what direction if the following events occur?
Assuming paper is sold in a competitive market, what is the market price? how many tons of paper will be produced per year at that price? what is the efficient annual output of paper? how can a corrective tax achieve efficiency?
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