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Q. What is difference between contraction and expansionary monetary policy? What are pros and cons of using expansionary and contraction monetary policy tools under following scenarios; depression, recession and robust economic growth? Which do you think we are in today? Explain your answer
Elucidate how and why the unemployment rate fluctuates with the inflation rate as is depicted in the Short-Run Phillips Curve.
State and elucidate principle of diminishing marginal utility in relation to consumer demand. Illustrate what is production function and how is it relevant to a production manager.
Elucidate what type of returns to scale does this technology represent.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
If the company wishes to restore its sales to 10,000 pairs a month, illustrate what price should it charge every pair of socks.
Suddenly, 20,000 people immigrate from abroad and initially settle in the West. Elucidate why they possess the same skills as the native residents and also supply their labor inelastically.
Illustrate what are implications of computing a multiple regression when repressors are orthogonal. Illustrate what is significance of idempotent matrix.
If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.
Elucidate why the general level of wages is higher in the United States and other industrially advanced countries.
Under monopoly, still with the price PW which is again label triangle of consumer surplus and the triangle of producer surplus.
explain why a rise in the price of gasoline is likely to have more of an effect on consumers than a rise in the price of strawberry milk shakes.
you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. What technology available to produce your product suddenly improves.
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