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A typical short answer should be between 100-150 words each question. All short answers must contain information using no external research. Required to respond in their own words using applicable examples and knowledge gained from the class.
1. Describe what occurs to American imports and exports when the U.S. dollar is strong. Describe what occurs to American imports and exports when the U.S. dollar is weak.
2. What precautions can the Federal Reserve take to avoid inflation for the entire economy?
Explain each precaution using a specific example.
3. What is meant by the term 'stagflation'? What happens if stagflation occurs within the economy in terms of consumer spending and consumer confidence?
What's the difference between inelastic demand and elastic demand?
Suppose the consumer price index was 180.5 last year and this year is 202.2. What is the rate of inflation between last year and this year? What is the rate of inflation between the base year and this year?
What may be the reasons for paying 'efficiency wages' and what effects should it have on firms and workers
What does the GDP indicate about an economy? Can a GDP be manipulated and thus provide inaccurate information about a country's economic production
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
1. What has been the role of the Commonwealth Constitution in setting the framework for regulation of transport and communications?
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.What sort of shift in supply or demand would result in a market equilibrium with higher prices and sale..
Assuming the firm has a 20-year life and the appropriate interest rate is 12 percent, should the capital spending program be implemented?
In the late 1980s and early 1990s Latin America privatized most state enterprises. What was the rationale for privatization and what were some expected benefits and costs?
What two kinds of changes in the capital stock can improve labor productivity. how can each type be illustrated with a per-worker production function.
Explain A Demand-Side Case Study in a Competitive Market. Unemployment and the Labor Force: A close look at our economy.
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