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What is the difference between anticipated and unanticipated inflation? How do they differ in their effects on economic agents? Does inflation have no effects on the economy if it is anticipated? Explain.
1. Describe the four types of unemployment. How do the four types differ in their effects on the economy and on the unemployed?
2. what is meant by industrial policy? Discuss the strengths and weaknesses of an industrial policy
3. What is meant by "quality (of capital) per worker"? How does improvement in the quality of capital affect economic growth?
4. Explain how the law of diminishing marginal returns is related to the per-worker production function
How what was learned in mass merchandising industry could be applied to the logistics challenges in some other industry - Would the logistics criteria for decision making be the same as for mass merchandising? Why or why not?
what are the major characteristics of pure monopoly? what are the major barriers to entry that explain the existence
Is this microeconomic or macroeconomic? "More workers are being hired by the nation's businesses." Comment on the statement from an opportunity cost perspective: "The main cost of going to college is the $15,000 per year in tuition." Suppose that a ..
A consumption function is given by the following relationship C=100+.70(Yd) What is the multiplier in this model?
assume that every citizen of country x has the utility function of ux y 5x4y. say that x denotes cigarettes and y
Assuming neither supply nor demand curves is horizontal, in which of the following cases must price always fall?
suppose that the percentage annual return you obtain when you invest a dollar in gold or the stock market is dependent
Describe each of the following outcomes in terms of shifts in aggregate demand or aggregate supply curves.
What are the facotrs involved? What were the circumstances? How was the dilemma handled? What were the consequences?
the economy is experiencing a contraction recessionary gap of 400 billion. what government spending stimulus would you
anbsp what is meant by the concept of a standard of living?b what are the difficulties in measuring this within one
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