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Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts differ?
George has been selling 5,000T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?
Just prior to the year 2000, the Fed was concerned that people would make larger than normal bank withdrawals out of fear of the Y2K computer bug. The Fed feared that this might disrupt the banking system. The Fed wanted to use a defensive action to prevent any such disruption. This would take the form of open market bond.
The law of demand states that other things equal
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Do protectionist policies benefit producers, consumers, workers, or the government
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
Estimated regression equation for which quantifies the demand for Widget
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
Describe the Schumpeterian notion of "creative destruction"
Examine the key factors affecting the demand for and the supply of a good or service
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
What are the annual accounting costs for the firm described above? What are the annual explicit costs for the firm described above?
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
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