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Does price matching keep consumer prices lower or higher than prices would have been without price matching?
suppose that at time t-1 inflation is zero and there were no shocks in the economy. at time t there is a positive
nbspa decrease in government spending will cause anincrease in the quantity of real domestic output demanded.decrease
In a country with a market economy, the owners of firms (businesses) are, to use Gwartney, et. al.'s term, residual claimants. What are the implications of this particular characteristic of business owners? How do other citizens within the country..
What are the two different general interpretations of the concept of duration, and what is the technical definition of this term? How does duration differ from maturity?
An individual sets aside a certain amount of his income per month to spend on his two hobbies, collecting wine and collecting books. Given the information below, illustrate both the price consumption curve associated with changes in the price of w..
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
In a time of fiscal restraint, politicians campaign on getting rid of "bureaucrats" who make government more inefficient and cost taxpayers more money. However, is there a value to having public servants? What does a bureaucracy do?
Halle describes "Third-worldism" as an automatic resistance to change among poorer countries to proposals that come from richer countries. What could be done to overcome this distrust?
The soft drink industry is a duopoly with differentiated products. Two firms, Coca-cola and Pepsi, compete through Cournot quantity-setting competition. Denote the quantity that Coca-cola and Pepsi produce by Q1 and Q2, respectively.
There are two goods 1 and 2. Denote the consumption bundle consisting of x1 units of good 1 and x2 units of good 2.Write down the equation for the indierence curve that passes through the consumption bundle.
Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's.
Discuss the options available to the government when trying to offset a recession by stimulating the economy. Consider both fiscal and monetary policies. What are the pros and cons of different policy measures.
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