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1. Explain why relatively flat as opposite relatively steep labor demand curves are more consistent with the empirical observation that there are relatively minor changes in the real wage rate over the course of the business cycle.
2. Is sustainable long-run equilibrium always reached when the AD and SAS curves intersect? Why or why not?
3. If the equilibrium real wage remains constant, what happens to the nominal wage when the actual inflation rate exceeds the expected inflation rate?
4. "In the steady state, the government benefits from inflation." Explain.
5. How are presidential election outcomes related to the performance of the economy?
At present international management at PM corporation consists of one person. Determine what specific management principles and practices should PM firm start to put in place
How big will that budget have to be before he would spend a $1 buying a first cup of coffee and omar has a budget that he can spend only on donuts.
Construct a table showing the average variable, average total, and marginal costs of paper cup production. Show your work or embed an Excel spreadsheet into your file showing the formulas you used.
Derive the firm's supply curve, expressing quantity as a function of price. Determine the market supply curve if North Carolina Textiles is one of 1,000 competitors. Compute market supply per day at a market price of $47 per unit.
A nation has a fixed amount of Capital and Labor which lies on aggregate isoquant when all inputs are being used efficiently.
Describe how the role of the government affects each market structure's ability to price its products and discuss the effect of international trade on each market structure.
If we are able to increase our domestic energy production, and that allows us to import less oil from foreign countries, briefly explain what will happen to the GDP.
Choose and research a specific business that is publicly traded where there has been a pattern of change in a particular market model (monopoly, oligopoly, etc.).
What economic problem is the nation facing and what would be the goals of your Fiscal Policy
Pass laws prohibiting children from working in labor market X. Require a license to work in labor market X. Increase tariffs on imports that compete with labor market X employers.
Is the market for coffee perfectly competitive and does the coffee market meet all six conditions of a perfectly competitive market?
Calculate the number of physicians, per thousand population in Canada, from 2002 to 2005. What conclusions can be drawn about the physician coverage of Canada's opulation?
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