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1. What distinguishes money from other assets in the economy?
2. What are demand deposits, and why should they be included in the stock of money?
3. If there was no item in the economy widely accepted in return for goods and services, how would transactions be carried out in this economy? How efficient would such a system be?
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses throughout the past several years. What impact will the repeal have on the exporting of jobs to foreign countries? describe by using isoquant ..
What were some of causes of stagflation of 1973 and 1979? In what ways were these episodes of stagflation different from great depression of the 1930s?
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
What is Bill's opportunity cost of producing one hat, In which of the two activities does Mary have a comparative advantage.
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
In a perfect capital market, advices for a corporate financial manager on making capital structure decisions.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
If the price of manufactured goods rises to $6 bushel (a rise of 50%), the parity price of corn as well rises by 50% - to $4.50 in this hypothetical example.
When a recession is over, do people begin to immediately feel the effects of an efficient economy? Use the experience of the most recent recession to justify your answer.
A profit-maximizing monopolist never produces in the inelastic part of a linear demand curve. The short-run supply curve of a competitive firm is its MC curve.
Describe how a change in investment can have big impact on GDP causing a nationwide slump. Recall that investment is "small" relative to the entire economy.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
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