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Give your opinion on the validity of the following statement: Money must have material backing to have value. Justify your response.Take a stand on whether or not it would be easier for the Federal Reserve to expand the supply of money in a period of prosperity versus in a period of recession.
Describe why Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP near full employment and becomes especially steeply sloped beyond full employment RGDP
For months, beleaguered American customers have defied expert forecasts that they would soon succumb to pressures of falling home prices, fewer jobs and shrinking paychecks.
Customer demand for gasoline changes when the price of gasoline falls.
Suppose that two companies are duopolists that produce identical products. Demand for the products is given by following linear demand function:
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
explain briefly what is happening in this economy before and beyond the equilibrium output level point "a". The equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line.
Illustrate the difference among the midpoint price elasticity.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each?
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
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