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Compare and contrast the Virginia and New Jersey Plans; what were the strengths and weaknesses of each proposal? And, what parts of both plans eventually became part of the Connecticut Compromise?
Provide reasons to explain what the government would have to do to keep the unemployment rate
An employee was suspended pending discharge for sleeping and loafing on the job. The employer offered to change the penalty to suspension without pay if the plantiff would sign a last chance agreement
Example of a leading macro-economic indicator - describes the implications of ecology for marketers in terms of the marketing environment?
An accident has occurred in which chemicals leaked into the ground water nearby, the community is unaware. Assess the costs involved in cleaning up the water immediately (confessing) versus hiding the fact.
Entry of firms in a monopolistically competitive industry is characterized by two "external" effects. What are these effects and how do they affect a monopolistically competitive firm. How are consumers and incumbent firms influenced by these exte..
What is the main policy message of the AS-AD model, and how does it relate to the 1930s Keynesian revolution in economic theory? What should today's policy-makers assume about the natural rate of unemployment?
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium
If average variable price are assumed to remain constant over a 10 percent increase in output, evaluate the effects of the proposed price cut on total profits.
where L is labor, K is capital, and N is land. In this economy the factors of production are in fixed supply with L = 100, K = 100, and N = 100.
Are retail gasoline prices essentially equilibrium prices? Why or why not? In most markets, are prices typically at the equilibrium? Why or why not? What might keep prices from moving to the equilibrium?
Show the effects of each of the following shocks on output (Y) and the price level (P) in both the short-run and the medium-run .Assume the economy is originally at the natural level of output (Y n ).
What are some of the problems in using fixed weights to compute real GDP and the GDP price index? How does the BEA’s approach attempt to solve these problems?
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