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the production function will determine aggregate supply in the long run. That it , the vertical position of the LRAS and the level of full employment income(Y-bar) represents the maximum possible of output level with full employment of all factor resources operating with, and using, the level of technology available. Now you want to "improve" the aggregate production function to increase the supply capacity of the economy. That it, you desire to move the vertical LRAS to the right on the AS/AD diagram.
LIST four initiatives that you would focus upon to get the job done.Hint: a GOOD ANSWER will identify the component elements of the production function we have discussed, and ADDRESS POLICIES that would "positively" impact the elements. Or, you can list any good initiative that would stimulate GROWTH in the marc-economy.
Elucidate why the general level of wages in high in the United States and other industrially advanced countries.
Kermit is considering purchasing a new computer system. The purchase price is $100,000. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payment..
Two executives were arrested by authorities for embezzling money for their firm. Short of confusion the only had enough evidence to put them away for 10 Years.
Describe the difference in executive decisions concerning pricing, product design, and advertising between a company that exists in a perfectly competitive market and a company that lives in a monopolistic competitive market.
For this hypothetical economy, what were the three major issues of concern in 2009 AND What is the relationship between these three variables, that is, how does one affect the other?
Make sure to include some final recommendations and strategic initiatives.
Calculate the total money creation in the economy with the help of formula and how the banks create money with the help of given information.
Assume the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
Adopt a first-degree price discrimination policy, what prices should you charge to maximize revenues and what are the revenues?
Suppose we have a data set with only two observations, y1 and y2. The general formula for the sample average is: sample average=1/2(y1+y2) Suppose y1 and y2 are sampled from the population in such a way so that they are correlated with each other.
Assume that the plant managers base their decisions on a five-year capital budgeting cycle (i.e., time is t = 0, 1, 2, ..., 5, where t = 0 is now), and that changes in regulations mean that the company has to buy the scrubber within a 5-year grade..
Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will, a. harm hat workers, benefit banana workers, but benefit the nation as a whole. b. harm hat workers, harm bana..
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