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Which of the following is/are an example of involuntary unemployment ?
1. a housewife
2. a student
3. a subsistence farmer
4. a pensioner
5. none of the above
Explain how the invisible hand fights back when government try to overrule market forces with price controls.
Suppose that the reserves requirements for checking deposit is 10 percent and that banks do not hold any excess reserves. A. if the fed sells $1 million of government bonds,what is the effect on the economy's reserves and money supply
Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of o..
q1. consider the following macro modelwhere y p and m are the logs of real output prices and the money supply
1.nbsp time inconsistencya when is a policy said to be time inconsistent?b describe barro and gordons model of central
a. At first, only a few people use the service. What type of good is this and why b. Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now what type of a good is the wireless inte..
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
To supply side economists, the key to any economicstabilization is managing aggregate supply. What kinds of policy dothey advocate, and what outcomes do they expect toachieve?
If surgeons really have the ability to increase the demand for operations, which kinds of operations will be most affected? Can you think of a way to determine which operations are unnecessary?
The inverse market demand in a homogeneous-product Cournot duopoly is p=200-3(Q1+Q2) and costs are C1(Q1)=26Q1 and C2(Q2)=32Q2. Determine th reaction function for each firm. FIrm 1 Q1=, Firm2 Q2= Calculate each firm's equailibrium output.
If Michelle devotes all her resources to growing potatoes, she can raise 200 pounts of potatoes per year. If she devotes all her resource to raising chickens she can raise 50 chickens per year. (If she apportions some resources to each
Consider total cost and total revenue given in the table given below, Compute profit for each quantity. How much should the firm produce to maximize profit?
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