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Compare and contrast the damaging consequences of rising unemployment versus rising inflation? Be sure to define unemployment and inflation and explain how they are measured. Is one worse than the other? 600 words eassy
Beginning in the middle of 1999 and ending in the spring of 2000, the Federal Reserve Board raised the Federal Funds interest rate and its Discount Rate in increments which totaled 1.75 percentage points in order to slow the economy. In the paraphras..
Assume that the short-run cost and demand data given in the table above confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. Refer to the above table and information. If the firm sells 3 units..
Consider the following short-run production function: q = 5L^2 − 1/3L^3. Derive a marginal product of labor. Derive an average product of labor. At what level of L is the average product of labor maximized?
How does monetary policy affect the US production and employment? How has the US current economic situation affected you and your family.
Patrick enjoys consuming chocolate but really detests broccoli. Describe the shape of Patrick's indifference curves for these two goods and explain your reasoning.
Elucidate any of the assumptions required for the Coase Theorem likely to be violated in an important way.
Do you think the benefits of government regulation exceed the costs? In what areas, if any, do you think the costs exceed the benefits? Cite an example of a company's efforts to circumvent government regulations. Is the use of loopholes ethical?
In the same election game played in class, instead of having voters distributed uniformly across 10 regions, suppose that position 1 has a different number of voters than other positions. Specifically assume that positions 2 through 10 each has 10 vo..
For many years the Argentinean peso was pegged to the U.S. dollar. Using the IS-LM-FX model for Home (Argentina) and Foreign (US dollar), illustrate how an increase in taxes in Argentina affected the following variables in Argentina (increase, decrea..
Explain how the aggregate expenditure function shifts in response to changes in each of the following variables: a. The real interest rate increases. b. Consumer confidence decreases. c. Higher taxes are imposed on business profits. d. The economies ..
To what extent are today’s trade debates such as the Trans-Pacific Partnership similar to or different from the mercantilists’ focus on maximizing exports and limiting imports?
Why is exchange rare important to MNCs? How MNCs can cope with exchange rate volatility as a primary economic risk related to international business.
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