Why it is important that prices are flexible in our economy

Assignment Help Macroeconomics

Reference no: EM13181029

Why it is important that prices are flexible in our economy?

What happens if the government controlled the level of prices, how would this influence prices?

How can you relate the law of demand to a recent purchase that you have had to make?

Reference no: EM13181029

Questions Cloud

What are the levels of short run output : According to Okun's law, what unemployment rates would we expect to see in this economy? b. Consider another economy in which the unemployment rate over the next three years is 6%, 7%, and then 4%. According to Okun's Law, what are the levels of s..

What is the angle of the persons eyes : a building 270 feet tall casts a 70 foot long shadow. if a person stands at the end of the shadow and looks up to the top of the building, what is the angle of the persons eyes to the top of the building (assume 5 feet above ground)

State derive the equation for the criterion of spontaneity : From the first and second laws of thermodynamics, derive the equation for the criterion of spontaneity of a process, Gibbs free energy,

Describe the steps in the process : Explain why you would use grouping when factoring 6x4 - 9x3 + 2xy - 3y and describe the steps in the process.

Why it is important that prices are flexible in our economy : Why it is important that prices are flexible in our economy? What happens if the government controlled the level of prices, how would this influence prices? How can you relate the law of demand to a recent purchase that you have had to make?

State dansyl chloride an the complete with hydrolysis : What dansylated amino acids would be isolated after reaction of S-F-H-Y-W-C-T-L-C-K-L-I-N-D-S with dansyl chloride an the complete with hydrolysis

Find the exact value of the surface area of the prism : the length and width of a rectangular prism are 5.5cm and 3cm.the heigth of the prism is 6.75cm. find the exact value of the surface area of the prism in square centimeters.

Determine the overall welfare loss to venezuela : Suppose Venezuela imports TV sets at a price of $150 each. Under free trade, how many sets does Venezuela produce, consume, and import? Determine Venezuela's consumer surplus and producer surplus. b. Assume that Venezuela imposes a quota that limit..

Explain why it would be a good choice : Identify a sampling method that would lead to a representative sample for the survey. Explain why it would be a good choice and give details about the process.

User Account

All Pages