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A: what are four common phases of business cycle? Fully explain and give specific example for each one.
B: explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
Calculate the effect of the following events on the monetary base:
If the demand for a domestic currency decreases in a nation using a fixed exchange rate system, what must the central bank do to keep the currency value steady.
b.) If the firm faces a horizontal supply curve of labor at W*, how would it determine E*, the equilibrium level of of employment c.) Since it is an upward sloping curve, it will not pick E*. How will it decide how much labor to employ, and how wi..
If the production function is y = √(k), what is the steady state value of y in the Solow Growth Model with labour-augmenting technological progress at rate g, population growth at rate n and depreciation of capital at rate d?
From the e-Activity, if you were a manager in a tobacco company, analyze the elasticity of demand for tobacco products. Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential..
Compute the profit-maximizing price, output, and profit levels for this firm if it is not regulated.
Suppose that a researcher, using wage data on 250 randomly selected male workers and 280 female workers, estimates the OLS regression Wage = 12.52+2.12× Male,R^2 = 0.06,SER = 4.2, (.23) (0.36) where Wage is measured in dollars per hour and Male is ..
What are major reasons for government involvement in a market economy such as the software industry (e.g. externalities, increasing returns to scale (failure of perfect competition), absence of futures and insurance markets, failure to attain full..
The insurance company cannot determine whether ABC has instituted the program. However, it charges a deductible in the event of a re (i.e. ABC has to pay a certain amount to the insurance company if a reoccurs).
Illustrate what will happen in the short run and long run to the world real GDP and the price level. Moreover, describe what policymakers could do after this has happened.
Suppose a perfectly competitive firm produces output at two different plants. If the marginal cost at the first plant exceeds the marginal cost at the second plant for all units of output, how will the firm organize it's production to maximize pro..
Over what range of labor input is marginal product minute than average product. Illustrate what is happenning to average product as employment increases over this range.
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