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In Northlandia, there are no labor contracts; that is, wagerates can be renegotiated at any time. But in Southlandia, wagerates are set at the beginning of each odd year and last for twoyears. Why would equal-sized falls in aggregate output due to afall in aggregate demand have different effects on the magnitudeand duration of unemployment in these two economies?
Discuss the impact of the national debt on the American economy. Use principles and concepts you have learned in this macroeconomics class.
The economy has seen unemployment rate raise from 6% to 9.5%, the inflation rate decrease from 2.8% to 1.2%, and there has been a 24% decline in consumer spending and a 45% decline in investment spending in the same time period.
A firm can seek any combination of quality and price it chooses. Thus, it can go with a low quality-low price strategy or use one which combines high quality with a high price. Ideally, of course a high quality and a LOW price will be the most pow..
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
In 2003, conservation groups paid western cattlemen to move their herds away from wild buffalo herds so that the buffalo would have more feed and not have to compete with the cattle. What has this action to do with regulation and the Coase Theorem
Illustrtae what are the primary advantages and disadvantages of acquiring inputs through this means? Give an example that uses this method of procurement.
Assess President Obama and the Congressional Majority Democrats' stimulus, budgetary, and health care initiatives in the context of promoting Economic Growth and Development.
AT&T: 38.3% Verizon: 31.3% Sprint: 15.9% T-Mobile: 12.2% Other: 2.3% What is the maximum value of the HHI (a) Before the AT&T/T-Mobile deal? (b) If AT&T buys T-Mobile?
Please give some data on unions from the employee's perspective. Discuss some advantages of a unionized organization
What is monopolistic competition and why/where is it different from perfect competition Explore how firms in monopolistic competition differentiate their products or services to generate a market niche and gain more control over their pricing.
Discuss how rapid inflation can undermine money's ability to perform each of the three functions.
Suppose the demand for what you "sell" rises relative to the supply of what you sell. a. How would you know demand has increased (What is the first piece of information which would lead you to conclude that demand has increased)
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