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What are expectations, and why are they important, in macroeconomic models? What would you think about a macroeconomic model that assumed that people's expectations of inflation were constant, even though the inflation rate changed over time?
What happened to the elasticity of demand for American cars when the Japanese developed a strong auto industry? What happened to the elasticity of demand for American autoworkers? Explain.
Banks fail when all depositors try to withdraw money at same time. One way to stop this problem would be to need banks to hold 100 percent of deposits on hand.
Americans are known for their long-term love affair with their cars. But as gasoline prices soar and concern about the environment mounts, the need to conserve gasoline has become increasingly clear.
An insurance company allows you to choose an insurance contract (b, p), where b is the insurance benefit the company pays you if bad state occurs and p is the insurance premium you pay the company regardless of the state.
Since freedom of religion is guaranteed in the Constitution, does that give my church the right to engage in animal sacrifices as part of its religious services? Or, alternatively, should Suzy be required to salute the American flag in her school..
Define the two phrases/terms and then explain the relationship (similar and difference) between them. (!!!!intermediate economic!!!!)
the commerce department reported receiving the following applications for the malcom bardrige national quality award 23
How do graph the demand & supply curves, equalibrium price & quanitity for the following:
An economist has estimated the demand for cable television services in Eastern Pennsylvania, and has found the following elasticities: Price elasticity of demand for cable TV: EP = -1.25Income elasticity of demand for cable TV: EM = 0.85Cross-price e..
Write a 5 page economics research paper about 3-4 economists and entrepreneurs.Thinking about writing about Bill Gate the obvious Oprah another obvious and Steve Jobs.
1. the information below describes the real gdp per capita for the country of utopia for the period of 1975 to
The equation for a demand curve is P=2/Q. What is the elasticity of demand as price falls from 5 to 4? What is the elasticity of demand as the prices falls from 9 to 8? Would you expect the answers to be the same? Why/why not?
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