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Assignment:
1. How many recessions have there been in the US economy since 1959? When did the most recent US recession begin (peak) and end (trough) ( this is not a trick question. this question refers to the most recent complete recession)?
2. When was the longest post World War 2 business cycle expansion in the US? (trough to peak, give the trough and peak dates, again this refers to the complete expansion).
3. When was the deepest post World War 2 recession in the US? (peak to trough, give the peak and trough dates)
4. Why do we need seasonally adjusted data to analyze business cycles? Provide examples. Possible reference to The Conference Board Business Cycles Chronology and others.
Provide sources and references where needed.
Use Max's consumer choice problem to derive Max's demand function for gin as a function of the prices and income pg, pt and M:g=g(pg ,pt ,M).
What is Dick's omnichannel strategy? What are the three steps in Dick's migration to its new website? What are the primary benefits of Dick's new system?
Governments routinely alter their spending patterns to impact the economy, particularly as they relate to GDP growth and unemployment levels. Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting fro..
Several times in the last century, the UK decided to set the value of the £ above its equilibrium value. In terms of the Mundell-Fleming model.
Sources used to research this person 4-5 non-web based (Periodical, date, pages, etc. MLA) with works sited on the last page. Do not reference the course text book.
How might prohibitions on advertising affect the cigarette industry in the short run, and in the long run using a Prisoner's Dilemma sort of argument.
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Think about organizations in which you have worked, for whom you worked as consultants, or with which you are familiar.
The U.S. Department of Labor reports that of the roughly 145 million people employed, just over half (73.9 million) are paid hourly, but less than 3%.
Suppose the price of good Y is $1 and the consumer has $100 to spend (M = 100). Sketch the price-consumption curve for the values
You are the manager of a monopolistically competitive firm. The inverse demand curve you face is P = 50 – 4Q. Your cost function is C(Q) = 10 + 2Q. What level of output should you produce to maximize profits? What is your profit and what will happen ..
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