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Compare your country's money supply, price inflation, interest rate, and exchange rate movements for the last five years. Discuss if there is a relationship among these four economic criterion. Include at least two reputable citations.
Consider a competitive (C) market for ‘hamburger combos’ (hamburger, fries, and a drink) at a fast food restaurant with the following aggregate demand (PD) and aggregate supply (PS) relationships:
They found that the price elasticity of demand (EP) is -4, the income elasticity of demand (EI) is 2, the cross-price elasticity of demand (EYK) with respect to the price of the King yoghurt is 1.5, the cross-price elasticity of demand with respec..
Why are standards important for competition in the European market? Discuss examples (like telecommunication)! New members want to join the EU: Please name economic arguments to discuss if a further enlargement makes sense.
In a two year setting Rod has earnings of $8000 this year and earnings of $25,000 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line? What is the interpretation ..
Discuss current and recent interest rates. Some possible discussion topics are the following: What has been the trend of interest rates over the last 1 mth, 6mths, 12 mths, 24 mths, 5 years? What has the FED been doing with interest rates? How does t..
What kinds of actions can/should the Federal Reserve take in the event that the economy falls into a recession? Why might these actions help bring the economy out of the recession?
Governmental Budgeting Process Using a local, state, or federal government agency’s budget: Analyze how and where revenues are derived for the agency. Analyze which revenues are used in which funds: governmental, proprietary, and fiduciary.
Textile Workers of America is planning to strike for higher wages. Management predicts that if strike is successful, cost of labour will increase $100 per day. If strike is successful, how would this affect decision in part a to purchase a textile..
Describe the different types of unemployment and their causes, explaining how an individual would be affected as the unemployed person in each case.
Describe the benefits of gasoline/diesel powered engines compared to various alternatives. Discuss the costs of gasoline/diesel powered engines compared to the alternative. What are the estimates of the elasticity of the demand for gasoline in the sh..
Write an Arduino program for an LED connected to pin 3 to blink 7 times with a delay of 0.75 sec, then stays off. Use the FOR loop, and an increment of one. Include your name, date, and description of program at the top under comments. Include comm..
What are the effects of an increase in aggregate demand in the aggregate demand and aggregate supply model consistent with the Phillips curve.
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