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What are the reasons why the aggregate demand (AD) curve slopes downward.
What causes the AD curve and aggregate supply (AS) curve to shift, respectively?
How would a change in AD and AS affect the economy, respectively?
Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization?
What output level would the firms short run and long run average costs be the same - Explain the pattern of the marginal product of labor.
Describe the product or service including brand/logo and packaging. In addition, use the following link, and visit the globalEdge website and describe.
Illustrate what factors might explain closer than expected correlation observed.
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
It's common knowledge that labeling has become global. Examine the labeling regulations that your chosen country has ( Japan). Give examples of at least two labeling regulations that benefit consumers.
Assuming no population growth or technological progress, find the steady-state capital stock per worker, output per worker, and consumption per worker.
Using your research skills, find the values for each sector for the years 1929 and 1933 - Determine the percentage change for the two years. Explain the drastic change and what this meant for the U.S. population.
Imagine that you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby. The community is unaware of the accident. Compare the primary costs involved in cleaning up the water immediatel..
How do the concepts of adverse selection and moral hazards affect financial and labor markets? Which of these effects is the most significant? Why? What are the most significant effects of these concepts on organizations and individuals? Why?
Suppose Congress (in an attempt to stimulate the economy in both the short and long run) passes an investment-tax credit, which subsidizes domestic investment. How will this policy affect (comparing the state of the economy prior to the enactment o..
Suppose that GDP is 5,000. Consumption is C=1,000+.3(Y-T). Investment is I=1500-50r, where r is the real interest rate. Taxes are 1,000 and government expenditures are 1,500.
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