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Problem
Draw a graph showing Aggregate Demand and Aggregate Supply under the assumption that you are an economist who views the AS curve as vertical and that changes in Real GDP only come from the supply side economy. Then, explain what the impact of fiscal policy aimed at aggregate demand would do. Since elected officials usually "spend more!" rather than "cut spending!", let's make that aggregate demand line higher on the graph, including the government stimulus. Make sure your narrative includes the impact on both the economy and on real people.
If the European euro were to depreciate relative to the U.S. dollar in the forging exchange market, would it be easier or harder for the French to sell their wine in the United States?
Assume that capital and labor both exhibit diminishing marginal returns, so that capital can be substituted for labor in the production process (and vice versa), but capital and labor are not perfect substitutes. How would such a tax affect the rel..
1. Explain whether the following will cause a shift of the AD curve or a movement along the AD curve
What happens to determinants of AD or AS or both? Why? ).Illustrate your answers in given AD-AS diagrams. Label your diagrams and changes carefully
Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit a. find the monopolist's profit-maximizing output and prices. b) calcu..
for each level of output calculate this manufacturers marginal cost mc for convenience place the marginal cost between
Data Collected in the imaginary econmomy of Chipolaysia reveals that when the price of dorf decreased by 25%, the quantity of dorf sold increased by 10%.
Monetary theorists maintain that to eliminate the business cycle, it is necessary to eliminate,Through 2005, the most serious U.S. trough since the Great Depression was the one that occurred in,According to monetary theories of the business cycle, fl..
What do economists mean when they say that the price system (free markets) promotes economic efficiency When are free market arrangements "inefficient" from an economic point of view Why is income inequality "efficient" from an economic point of v..
Even before the metals and manufacturing companies, US railroads in the 19th century were M-form organizations based on geography. Why might a large railroad be better organized as M-form than U-form
Illustrate what affect might our concern for the baby boomers reaching retirement age, and the smallest number.
Simplified baseball box score game are 5 innings in a programming. If home is winning after away's in the 5th, do not ask for runs scored in home's in the 5th, if gam is tied after the 5th inning, both team bat again.
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