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Description of Long-Run Equilibrium
Is there a unique rate of inflation that corresponds to long-run equilibrium? What determines the rate of inflation when the economy is at long-run equilibrium?
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Illustrate What would happen if prices were lowered when demand was inelastic
Explain how an increase in interest rates initiated by the Federal Reserve affects:
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
Illustrate what are the 2 policy options used to influence the economy
Solve for the price and quantity that the monopolist would choose to maximize its profit under the more advanced technology. And also calculate the resulting profit.
Explain by how much should domestic automakers raise the price of automobiles if they wish to increase sales by 5 percent next year?
Assume that you are the chief economic advisor to the president of the U.S..
Describe the extent to that you believe these three measures are related.
Suppose the domestic appliances industry faces severe foreign competition, and asks you to prepare a position paper its lobbyist.
Elucidate what term do economists utilize to describe this second outcome
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
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