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Macroeconomics Assignment - Judiciary Branch Discussion
Task - 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?
Why are observation and prediction more difficult in economics than in chemistry? Why do economists look at group behavior rather than individual behavior?
You are an independent agent of Arrogant Insurance, Inc. (ARI) a stock insurances company. Your agency agreement is just expiring. You have been disappointed with ARI's service and have decided not to work with them any longer and have told ARI th..
What is the cost to a firm in an oligopoly that fails to take rivals’ actions into account? Suppose the firm operates along demand curve D1, shown below, as if no firms will follow its lead in price cuts or price rises. In fact, however, other firms ..
Explain how can you go about finding L, normally it is either the budget constraint and utility functions slopes are equivalent,
What is the production of goods with the lowest opportunity cost called?
Prepare a paper that differentiates foreign exchange trading within Asia as compared to Europe and the Americas. Evaluate theses flexible and fixed exchange rate systems within this international context.
The short run is decision making period during which at least one input is considered fixed. The fixed input is generally considered to be some aspect of capital,
Should ASEAN countries adopt a common currency like EURO? Why do you think so?
What does the Fisher Effect say about the relationship between the nominal interest rate (e.g., the federal funds rate) and the inflation rate?
Suppose the interest rate (on an annual basis) on 3-month Treasury bills is 10 percent in London, How can U.S. investor profit from uncovered interest arbitrage
Assume the following information shows the output of 2 goods in 2 countries before specialization.
Essay paper on Money and the prices in the long run and open economies. Discuss the following points : (1) analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five ..
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