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1) Why do economists differ as to the appropriate economic role of the state?
2) What is deflation? What threat does it pose? What are the distributional consequences? What are the distributional consequences of inflation?
3) What was the so-called "Keynesian Revolution"?
The long-run market supply curve in a competitive market will
A regulated natural monopoly has the following data: if the firm is ordered to price its good so that there is locative efficiency then the firm will have?
The problem is that the professors also want to attend the party and enjoy the music with the students but they can only attend if they agree to serve beer to the students. Normally, professors do not like this. The marginal cost to them is 200.
Assume that, in a competitive market, long run supply and demand is more elastic than short run supply and demand. Suppose that the government imposes a transactions tax in this market. In the long run, the tax will collect [less/more] revenue and ca..
Suppose the economy is initially in long-run equilibrium and the U.S. stock market has a prolonged decrease in shareholder value. Use the AD–AS model to predict short-run changes to real GDP and the aggregate price level. Should the government undert..
What is the -maximing combination of labor and capital the firm should use? What is the resulting level of output? What is the economic profit? Is this the least costly way of of producing the profit-maximizing output?
______An organization's shared values, beliefs, traditions, philosophies, rules, and role models for behavior represent its
What do you believe is the proper balance between the free market and government regulation of industry? And why?
Social life can be interpreted from one of three major theoretical frameworks. Describe the major points of each framework. List at least one sociologist who has been identified with each framework.
There are learning economies, so that costs in the second period are a function of production in the first period. Will price be higher in the first or the second period?
What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why?
Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected?
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