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1. What is the primary defining feature of business cycles?
2. Besides persistence, what are three important features of the deviations from trend in GDP?
3. Explain why forecasting GDP over the long term is difficult.
Each situation should be considered independently. In discussing each situation, ignore the other.
a. Graph the short run total product curves for each production function for 0 L 25 in the case where K is fixed at 4. b. Graph the marginal product of labor curves for each production function for 1 L 25. c. Do these production functions exh..
Label the areas of increasing marginal productivity, diminishing marginal productivity, and diminishing absolute productivity.
Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.
On October 31, 2010 the USDMXN was 10.00. On the same date in 2011, the MXNUSD exchange rate was 0.07692 What was the DIRECT rate for the U.S. dollar last year and what was the INDIRECT rate on October 31, 2011
How can some of the concepts from the course help you explain what you found?
What is the difference between long-term debt and notes payable?
Southwest Airlines (SWA) is planning to expand its fleet of jets to replace some old planes and to expand its routes. It has received a proposal from Boeing to purchase some old planes and to expand its routes. It has received a proposal to purcha..
Calculate measured employment and unemployment and the measured labor force for each economy. Calculate the measured unemployment rate and participation rate for each economy. In which economy is measured GDP higher?
Why on earth don't you leave him?" To which Marie responds, "Silly, we've been together for 9 years! I can't just throw away those years!" Explain how Marie has fallen victim to the sunk cost bias.
Speculate how the price for that good or service may have been set and how well this price maximizes profit for the company and determine what shifts the company should made in its pricing strategy. Provide support for your recommendations.
Suppose that the economy starts at equilibrium and the mpc = 0.8. What would be the effect of a 500 increase intaxes once all the rounds of the multiplier process are complete
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