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Explain what the short is--run effect of a fiscal contraction (lower government spending for example?
What happens to the nominal wage rate during the process of moving from short-run equilibrium to long run equilibrium?
What about real wage rate
Which of the following is an example of "supply-side economics"? A. an investment tax credit B. a one-time tax rebate to low-income families C. a new Medicare drug benefit for the elderly D. an increase in Social Security benefits E. all of the above
describe why marginal analysis must be used in decision making with examples. Also, give examples of poor decision-making when sunk costs were used to justify choices, and discuss how legal and ethical issues may play a role in making decisions.
What does the Federal Reserve take into account when establishing general and specific rates of interest? Describe the recent tools the Federal Reserve has used to influence the U.S. economy, and explain their effects. In your opinion, have these mea..
Briefly explain whether you agree with the following statement: "If at the current quantity marginal benefit is greater than marginal cost, there will be a deadweight loss in the market.
questionnbsp a complete the table. state when the coefficient is elastic inelastic or unitary elastic. pricequantity
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
Monopolies are typically frowned upon in U.S. business, preferring more competitive models. However, many industries are stillmonopolistic in our everyday dealings. In this discussion, name an example of a monopoly that you have encountered
Which of the following statements is false a. Natural monopolies do not need to be regulated because they naturally behave to benefit society. b. Oligopoly markets require firms to behave strategically. c. Monopolistic competition produces with exces..
Risk-averse people cut their risks by:
lenders perceive that you are risky so you must pay 12 percent annual interest to borrow from one of them. you only
Discuss the implication to Economic Efficiency of an economy operating at point and what would it take for the economy to operate at point Z?
what are the factors that affect pay differentials? how does each factor increase or decrease relative wages?explain
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