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Compare and contrast the different stages of the business cycle and how inflation and unemployment vary via these different stages. Then discuss the appropriate fiscal and monetary policies to address inflation and unemployment.
a) Explain what happens to observed prices in posted offer and double auction markets when there at least two sellers. b) Explain what happens in these two markets as the number of sellers drops to only one seller.c) explain how part b) illustrates t..
Use the firm's isoquant-isocost diagram and the firm's marginal cost curve to explain and illustrate the output and substitution effects of a decrease in the price of labor.
The system will have an administration module to administer the categories of the Shop as well as to block fraudulent users. The administrator will set up the Categories of the items.
1. assume c 20 .75ydnow assume that government spending is increased by 12 billion. that would increasedecrease
Wire a thorough analysis of the three basic questions alton with and analysis of the centralized command and control system.
If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins an economy? How are they related to the Keynesian Cross and/or the Aggregate Demand/Aggregate Supply Diagram
Policymakers should be passive in response to the business cycle since the economy, like the human body, has "natural restorative powers." Using an aggregate demand and supply diagram, explain this claim.
Explain how your policy would help increase aggregate demand. That is, does it increase C, I, G, or X? Explain what would happen to prices (i.e. inflation).
Using the economic concepts that explain differences in wages, discuss any three of the following points.* Why does a chief executive earn more than a rocket scientist working for NASA * Why does a teacher earn less than a firefighter
we would like to determine if candidate 1 will win the upcoming mayor race. a randomly sampled poll shows candidate 1
identify a market that you believe is oligopolistic or monopolistic competition. your text can help you with this. i
Steady state in a calibration of the US economy in 2000. In this problem, suppose that rate of growth of the work force is n = 0.017 and there is no exogenous technological progress.
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