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1. What are the four stages of the business cycle? In which stage do you believe the U.S economy is now? Why?
2. What is the gross domestic product? What is its relationship to productivity?
3. What are the effects of inflation on an economy? What are the effects of deflation? How does the consumer price index work?
4. Explain the difference between monetary policy and fiscal policy. How does the government raise funds to cover the costs of its annual budget?
5. What is the difference between the budget deficit and the national debt?
Do you think the attitudes and bargaining behaviors of the participants in collective bargaining negotiations are more or less important in the final outcome than economic conditions and factors? Why?
Briefly discuss what measuring inequality involves, and provide two examples for doing so. measuring income inequality means dividing up the population into various groups and then comparing the groups.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
"Illustrate what is meant by the term 'utility,' and how does it relate to purposeful behavior." In one to three pages, fully explain your answer in a way that shows your understanding of "utility" and human behavior.
Southern Airways, a small regional airline, has a daily late evening flight into Atlanta. The plane must be in Atlanta at 8:00 am each morning for a flight into Richmond, Virgina. Unfortunately, the charge for a plane remaining overnight in Atlanta i..
Recently proposed energy legislation has caused concern in West Virginia, particularly in respect to impact on the coal, oil and gas industries.
Returning to question 2, suppose the government put a tax on soda of $.50 per can to be paid by consumers. Graph the before and after tax supply and demand curve. What is the new ewuilibrium price and quantity?
part a instructions for the case study you can google and find all the information needed.read the discussion case the
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy.
Can you recognize from the graph the period for which Canada was on affixed x-rate regime with the US dollar and the UK pound? What was this period.
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