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Explain the following:
Briefly write and explain Friedman's methodology of "Positive Economics". Do you think the discrimination of economics as "normative" and "positive" is a logical move in building theory?
What are the main differences between Friedman's analysis of monetary economics and Post-Keynesian analysis?
Discuss the criticisms leveled by so called "classical" economists at the Keynesian model described above, from the initial simplistic responses
Describe the current general interest rates. Is the current interest level one that promotes or retards growth in the economy.
Each has a crucial role to play if the discipline system is to be effective. Discuss the elements of a company's discipline system or process and explain whether you feel it is effective or not in handling difficult or ineffective employees.
Illustrate what is the size of the labor force. What is the official unemployment rate.
A firm produces according to the following production function: Q=k^.5L^.5 where q= units of output, k= units of capital, and L= units of labor. suppose that in the short run k=100. moreover, wage of labor is w=5 and price of the product is p=10. wha..
Consider two general approaches to asking CV questions about the streams. The first approach attempts to elicit how much compensation people would require to give up the streams. The second approach attempts to elicit how much people would be will..
Margaret has a project with $28,000 first cost that returns $5,000 per year over 10-year life. It has a salvage value of $3,000 at the end of 10 years. If the MARR is 15%, what is the present worth of this project?
How an increase in real GDP could occur in the economy and give a specific written real world scenario or example. Include the resulting effect on the price level (P) and give the correct terminology that corresponds to this type of price level chan..
Huntington suggests that the emerging global economy will increasingly be faced with violent clashes between civilizations. Elucidate what Huntington means by the term civilization and why such clashes may be expected.
Explain how has the relative composition of M1 changed since 1965? Do your best to explain why this change has occurred.
Globalization has impacted the structure of the economy of different countries. It also has affected the employment patterns in the Western World (advanced economies).
Explain what happens in each graph (A, B, and C) when an economy is moving from a recession (point a) back to full employment.
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