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Write a one page response to the following statement:
"U.S. regulators should enforce antitrust laws against the Microsoft Corporation."
Begin a response to this statement with your assertion - Agree or Disagree - then provide reasoning to support your assertion.
Suppose a closed economy, with fixed prices, represented by the following set of equations, Where, D is the aggregate demand, and C is consumption;
Elucidate how policy would achieve economic growth, and at the same time engage in poverty reduction.
Assume consumers expect a recession to begin in the next few months. They might react by trying to save more in case they are laid-off or have to work reduced hours
Women have increased the amount of education they have achieved relative to men, and average years of schooling completed are now approximately the same for males and females. Human capital theory predicts that this would close the male-female ear..
Elucidate what would have been the economic effects of this. Describe the pros and cons.
A mathematical approximation called the rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by its percentage rate of growth.
Indicate how each of the following changes would influence the incentive of a decision maker to undertake the action described.
Suppose you purchased 5 apples and 3 oranges last week. Apples cost $0.75 per apple, and oranges were $1.00 per orange. How much did you spend on fruit?
Assume that initially the goods and services market is in equilibrium at the potential
What level of aggregate output does the consumption curve cross the 45 degree line and derive the savings and consumption functions, and draw a graph showing these functions.
Describe the economic logic behind the theory of purchasing-power parity (PPP). What factors might prevent PPP from holding true?
Monetary and fiscal policies are said to have“lags.” What are lags and why do they exist? How arethe arguments for and against active policy decisions affected bythese lags?
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