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Classical economists belief that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential output in the long run. On the contrary, Keynesian economists believe because of price and wage rigidities the economy's equilibrium output in the long run may be less than its potential output. What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
"Technlogogical advances make the manufacturing of mobile phones much cheaper for manufacturers. Incomes are rising slightly, and mobile phones are a necessity good. From this information we conclude that the price of mobile phones must go up"
Dinkel Manufacturing Company accumulates the following information relative to jobs started and finished during the month of June 2008.
Write a program in C++ to illustrate the implementation of rotation transformation of a 3D object Z-axis.
you manage gofer delivery service. you rent a truck for 10 per day and each delivery takes an hour of labor time. the
Explain what it meant by liquidity trap.Use the interest parity condition to show how the exchange rate is determined in such a situation. What can monetary policy so in such a situation
Jayne's moped travels 8km/h faster than Marks. Jaynee travels 69 km in the same time that Mark travels 45 Km. Find the speed of Jaynee's moped.
Discuss the differences between unemployment and underemployment and give examples of each. Include in your contribution the differences between fiscal and monetary policy and how each would be used to reduce high levels of unemployment.
1) Compare and contrast logical and physical addresses and address space. 2) What is paging? What are its advantages? Disadvantages? 3) Describe the page replacement process.
Assume you are looking at data for an economy that uses only two inputs, physical capital and labor. The table shows output for different combinations of labor.
In supporting your view, please list and define the four (4) key managerial functions and discuss how the theories and concepts of this course have developed your abilities to do economic analysis in relation to these identified key functions of b..
Suppose that 60 percent of the voters in a particular region support a candidate. Find the probability that a sample of 1,000 voters would yield a sample proportion in favor of the candidate within 3 percentage points of the actual proportion.
What is the rollback equilibrium to this game?
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