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As of January, 2014, the U.S. now has the first woman Chairman of the Federal Reserve. Janet Yellen is probably going to continue the Federal Reserve’s current policies. Explain how these monetary concerns will affect a small business where you are currently employed. Explain your answer using the theories presented.
Illustrate what are the new long-run equilibrium values of these three variables.
Assume the economy is in short and long run equilibrium before the supply shock. Use the aggregate/ demand aggregate supply model, the Keynesian cross model and the modey market model to verbally and graphically explain
q.given the following annual information about a hypothetical country answer questions a through d.billions of
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram ( IT is Microeconomic question)
When a industry's marginal revenue product equals the income rate, marginal revenue also equals marginal cost.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1? What is the approximate price that will be charged in market 2?
q.assume that the economy can be described by the following 3 equationsut-ut-1-0.4gyt-5 okuns lawpit-pit-1-ut-4
Now suppose that management believes the probability of weak demand in 2009 is 25% and the probability of strong demand is 75%. Using mean-variance analysis, explain which level of output should be chosen.
Yet medicines with brand names that the man recognizes from TV commercials sell for more than the unadvertised versions. Elucidate in economic terms, this perplexing situation to the father.
Suppose you can collect country level trade flows and GDP data. Explain how can you verify monopolistic competition model with data. Illustrate what do you expect is impact of transportation costs.
What is GDP comprised of? Also tell me about net domestic product and national income. If I told you that: GDP was $5 trillion Depreciation was $500 billion and indirect business taxes were $300 billion. How would you calculate the net domestic produ..
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