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Problem
1. If a country finds itself experiencing stagflation under a flexible-rate system, why is expansionary monetary policy unlikely to cure the problem? Why are technological improvements or general productivity improvements so critical in this situation?
2. Suppose that a home country's currency is expected to depreciate in a flexible-rate system. Trace through the effects on home country AD, AS, prices, and income (output).
3. Suppose the economy is operating below its natural level of income (e.g., at point H in Figure 10). Would you recommend the use of expansionary policy in this instance? Why or why not?
Explain the importance of free entry and exit in the perfectly competitive market. That is if free entry and exit did not exist, what impact would this have on the allocation of resources and on the ability of firms to earn above normal profits ov..
How does McDonalds exist globally and how it continues to move towards globalization?
using the same production function as in question 1 assume that total gdp y is growing 4 percent per year the labor
How would you develop a methodology for Hardee to price its existing services? Its evolving services? Would you use the same or different strategies for each?
Assuming that Reverse Osmosis Systems and traditional Water Purifiers are substitutes, what happens if the price of a Reverse Osmomis Systems subscription increases?
Name various areas of business in the US (or world) where the prevailing market structures have changed dramatically in the past twenty years and discuss the direction of the change.
Suppose the price of bagels in Waterloo is currently $0.75 per bagel. There are 10 low-cost bakeries that can produce bagels, each of which has the supply function Qs= 200P- 100.
What are the key elements in the natural resource endowment and in the social-political-economic C) institutions which explain the macroeconomic position of Yemen and of the performance of Yemen's macroeconomy?
You learn that the demand curve facing a monopolist can be written as P = 100 - 5Q, and the monopolist's marginal costs are constant at MC = 60. There are no fixed costs. Write down the equation of the marginal revenue curve for this monopolist.
A friend mentions to you that the campus coffee shop offers a 10% discount each Thursday morning before 10 a.m. Is this more likely to cause a significant.
a) Derive the consumer's budget constraint and its choice variables (ie. the total amount of hours worked and leisure as a function of wage) b) Derive the consumer's marginal rate of substitution dC/dR
Identify a major information security incident that has occurred in the recent past (within the last five years). If possible, identify a breach that occurred in, or otherwise impacted, the Middle East. Review and analyze your chosen incident along t..
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