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One could easily find either of the following explanations in the press for strong U.S. economic performance during the 1990s:
1. Low unemployment and a sizzling stock market have made American consumers feel wealthy and secure. Therefore, they have raised their spending to unprecedented levels, which has driven real growth rates to new heights.
2. The revolution in computing and telecommunication technologies has changed the way that things are made in this country. The result is the fastest growth of labor productivity since the 1960s.
a. Graph each situation using the AD/AS model, including the AD, SRAS and LRAS curves. Label equilibrium. Assume that each situation began in a recessionary gap.
b. Which one of these interpretations is most obviously consistent with Keynesian macroeconomic theory? Briefly explain your answer.
What is the marginal productivity of labor? Demonstrate What is the marginal productivity of Capital? Demonstrate Is the productivity of the inputs a decreasing or an increasing function (does the function exhibit diminishing returns in each of the i..
What would be the production possibility frontiers for Brazil and the United States and without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
1. a positive statement is one which isderived by induction. derived by deduction. subjective and is based on
Explain and show graphically how this market would be affected if there is an increase in the number of dairy farmers that produce hormone free milk and at the same time south african consumers chose to be more healthy?
In which of the following economic activities do we commonly find a proprietor acting as a supervisor, a residual claimant and a provider of capital?
Suppose this person is relatively happy with the initial amounts in his or her possession and will only consider trades that increase utility by at least amount k. How would you illustrate this on the indifference curve map?
Use the following informations to comput the inflation rate between the 4th quarter 2010 and 4th quarter 2011.
discuss at least 2 operating systems that can be used in health care delivery. your discussion should include
theres quite a bit to be said about face-to-face interviewing for sure. but theres also some drawbacks and you named
If 50 applicants are chosen at random, what is the probability that 17 or more of them will meet the GPA threshold? (Note: You’ll want to use your answer from part a. If you’re not sure about this answer (and even if you are), be very clear about yo..
collect data and information about the current economy using legitimate business publications and government website
As the ebola epidemic keep spreading in the country of Liberia more people are falling ill and a large percentage eventually perish. Use the Production Possibility Frontier to illustrate the effect on the economy of Liberia.
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