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Questions
1. Critique Keynes using Public Choice theory
2. Critique Keynes using Austrian knowledge theory
3. Critique monetary policy using Public Choice theory
4. Critique monetary policy using Austrian knowledge theory
5. Assess Keynes using the Crowding Out critique (chapter 12)
6. Assess Keynes using the New Classical critique (chapter 12)
7. Are you a classical economist or a Keynesian? Why?
8. Use macroeconomic theory to comment on a current domestic situation
9. Use macroeconomic theory to comment on a current international situation
10. Sketch a theory of macroeconomics that makes sense to you; you may draw from multiple schools. Explain your assumptions and policy implications.
Elucidate, using diagrams where appropriate, explain how the averege costs of a firm may vary short period and long period.
Calculate gross national product and net national product
What is the test statistic for the null hypothesis that mu=10 when the point estimate is 13 and the sample standard deviation is 2 and the sample size is 17.
Suppose the quantity of gadgets demanded is reported to have fallen by 20 units—from 50 to 30 units—as a result of a per-unit-price increase in widgets from $10 to $14, what is the cross-price elasticity of demand? Explain your cross-price elasticity..
There are increasing returns to size whenever increasing the output of the business results in: At the output level where MC is just equal to ATC:
Although strategic investment can confer an advantage on the first mover, such investment also locks in the firm. Discuss how the value of flexibility would affect our analysis of strategic advantage.
q. answer the following question using the keynesian model of a closed economy. suppose the federal government would
Illustrate what impact might such a reduction in purchases of U.S. treasury securities have on the cost of short- also long-term financing.
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others?
What is the equilibrium income level and rate of interest? Suppose there is an increase in t from .15 to .20 . What will be the change in the equilibrium level of income and interest rate? Suppose there is a decrease in government expenditures (G) fr..
The Automotive Supply Company has a small plant that produces speedometers exclusively. Its annual fixed costs are $30,000, and its variable costs are $10/unit. It can sell a speedometer for $25. How many speedometers must the company sell to break e..
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
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