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Answer one question
1)
*Keynesian model
*Monetarist model
*Classical (or Neoclassical, or "rational expectations") model
Which model is most relevant for you? Justify your position.
2) Are budget deficits (especially what we have witnessed in the U.S. over the past 20 years) necessarily a bad thing? Elucidate.
The going rent in the market for 1-bedroom apartments in your neighborhood is $400. If the government imposes a price ceiling of $200 in this market:
Ten people are shipwrecked with water for only ten person days, but it will take at least 10 days to reach shore( a person dies after ine day without water) How would a Utilitarian allocate the water? Draw the production possibility curve for two peo..
When a binding price ceiling is introduced into a market, economists generally expect what outcome?
The objective is to fully explain why the company has been successful and will continue to be an effective price maker or if your firm is not a price maker, what actions need to be instituted to become a price-making firm.
“Higher consumer confidence increases aggregate demand. To offset this we must decrease the money supply. Then the price level won't need to adjust to restore equilibrium, and we'll prevent inflation.” Consider that an increase in of consumer confide..
If expected inflation is constant and the nominal interest rate increases, how does the real interest rate change?
Compare and contrast the major trade policies of the United States with those of another country. Please include sources. What are the major trade policies for each country? Which policy in each country do you think is most important and why?
Assume that the demand for short-order cooks at diners in a small town is ED=400 – 16 w , where E is the number of short- order cooks and w is the hourly wage rate. The market clearing wage is $8, but the town's City Council imposes a "living wage" o..
In a competitive market, the quantity of a product produced and the price of the product are determined by A. sellers. B. buyers. C. both buyers and sellers. D. None of the above is correct.
How are the different dimensions of globalization - economic, political, cultural, ecological - connected?
Draw an AS/AD diagram and use it to explain the argument in this paragraph. Are the arguments in this article more with short run or long run effects?
Which of the following is an example of implicit cost for a firm?
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