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Q. 3. (Evolution of Fiscal Policy) Illustrate what did classical economists assume about flexibility of prices, wages and interest rates? Illustrate what did this assumption imply about self-correcting tendencies in an economy in recession? Illustrate what disagreements did Keynes have with classical economists?
Elucidate why the dam project is considered a public good and discuss whether government intervention leads to a more efficient use of resources.
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
elucidate how many popsicles will be sold each day in the short run if the price rises
Illustrate what is the industry's profit maximizing output level. Is the organization in long-run equilibrium.
Which of graphs below shows Y increasing at a decreasing rate. Which of following issues is related to microeconomics rather than macroeconomics.
John Paisley is planning to buy a house for $100,000 by borrowing money at the rate of 9%.
At this level of pollution, what is the marginal cost of pollution control.
Illustrate what the assignment should include. The bureau of labor statistics reported that in the second quarter of 2008 the working age population.
What would you expect to be the effect on interest rates if the Fed held the money supply constant.
Describe why this does not represent a violation of the law of demand. Which of the subsequent best explains illustrate what a forward contract.
The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units. Is Bridget making the utility-maximizing choice.
Estimate the owner's decision to start Sound Devices. Are any of the above costs likely to be one-time costs? If so, how would this affect your answers. Explain.
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