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1. What are typical meals in Barcelona, Spain? And what is the malnutrition rates?
2. What foods are available in that country?
Research Classical and Keynesian economic ideas. Discuss the following: How do Classical and Keynesian economists differ in their view of the aggregate supply curve? How does this influence what Classical and Keynesian economists believe about fiscal..
Julon Petro Materials, Inc. ordered $8.5 million worth of seamless tubes for its drill collars from the Timken Company of Canton, Ohio. (A drill collar is the heavy tubular connection between a drill pipe and a drill bit.) At 10% per year interest, w..
Suppose that the annual growth in real income in Japan is expected to be between 2 and 3 percent and that income elasticity of demand for housing in Tokyo is estimated to be between 0.8 and 1.0 for rental units and between 0.7 and 1.5 for owner-occup..
The crop of hops in the Yakima Valley has been greatly affected by the invasive plant species. As a result, craft breweries in the Northwest turn to hops from Germany to make up the short-fall. How would you illustrate this change in the Washington h..
Suppose that the money marcket in Westlandia is initially in equilibrium and the central bank decides to decrease the money supply. Using a diagram, explain what will happen to the interest rate in the short run? What will happen to the interest rate..
Why would nations favor fixed vs. floating exchange rates for their currencies? Why do some developing nations have a “fear of the float?
When the late Francois Mitterand was the president of France, he instituted a number of programs designed to appeal to his “blue-collar” constituency. He raised the income tax rate applicable to the rich and expanded the free, government-provided soc..
The Black Death: In the middle of the fourteenth century, an epidemic known as the Black Death killed about a third of Europe’s population, about 34 million people. Use the production model to explain why wages might have been higher.
Classic imperialism (the building and maintaining of empires beyond a country’s national borders) fell seriously out of fashion after World War II. The Dutch, British and French all had major colonial holdings in Southeast Asia, including Borneo, Jav..
Assume Aggregate Demand (AD) is fixed. If fiscal policy promotes an increase in Aggregate Supply (AS), what happens to GDP and price levels? If the Federal Reserve wants to decrease the money supply, it should:
The four kinds of free-market competition are perfect competition, monopolistic competition, oligopoly, and monopoly. The following list contains various examples of industries, products, and services. For each, decide on its degree of competition by..
Should the Federal Reserve Board of Governors remain independent. Illustrate what is the strongest argument on either side
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