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Determine the four phases of the business cycle? How long do business cycles last? How do seasonal variations and long-run trends complicate measurement of the businrss cycle? Why does the business cycle affect output and employment in capital goods industries and consumer durable goods industries more severely than in idustries producing consumer nondurables?
Media Corp. has determined that its customer base is divided into two groups: sports fans and news junkies. There are one million sports fans and one million news junkies.
Illustrate what is the price elasticity of supply for your chosen industry.
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow? Compute the value of the price index for GDP for 2005 by using 2004 as the base year. By what percent did prices increase?
The Optimal Scam Corporation would like to see its sales grow at 20% for the foreseeable future. Its financial statements for the current year are presented below.
Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.
Illustrate what environmental factors or trends, (technology, social, political, demographic, global, etc. ) do you believe will have the greatest impact on critical thinking at work or in another area of your life.
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
Account for the effect of the two proposed fiscal policy actions in the short run and long run. This includes a description of the consequences of relevant macroeconomic variables.
Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.
Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each?
Explain why would you expect the inflation rate to accelerate if the actual unemployment rate declined.
Profit by having physicians available in case we need them. Therefore, the government should subsidize medical education.
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