Prices are flexible in our economy

Assignment Help Macroeconomics
Reference no: EM131239606

Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?

Reference no: EM131239606

Questions Cloud

Southwest airlines and united airlines : Suppose two firms, Southwest Airlines and United Airlines, are competing in the commercial airline market in which downstream buyer preferences are identical.
Analyze the impact of the internet and web applications : Explain the major effects that the advancement of technology has provided to businesses in relation to opportunities for more efficiency, collaboration, and distributed resources. Note: Be sure to include how the security landscape has changed.
Explain the likely impact on the forecasts : A company uses an EWMA model for forecasting volatility. It decides to change the parameter λ from 0.95 to 0.85. Explain the likely impact on the forecasts.
Develop key capabilities in one of the two key managing : The aim of this assignment is to allow participants to explore and develop key capabilities in one of the two key managing others capabilities addressed in the course.
Prices are flexible in our economy : Explain why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?
What does price elasticity of demand equal at this quantity : A firm’s demand function is as follows: Qx = 400 - 5Px + Py - 2Pz + 2I. Assume initial values of Px = 50, Py = 20, Pz = 20, I = 50. Determine the quantity of X that will be sold assuming the initial values. Develop the corresponding Total Revenue and..
Find a lower bound on the possible degrees of the vertices : The goal of this problem is to use Euler's formula to list all possible regular polyhedra. (In this case, regular means that every face has the same number of edges and every vertex has the same degree.)
Budget line consists of all points : True or False? Explain! (a) Monopoly outcome is always inefficient, even if the monopolist cannot price discriminate. (b) The budget line consists of all points that a consumer can afford by spending all her income and among which she is indifferen..
Distinguish between vulnerability threat and control : Suppose a per-subject access control list is used. Deleting an object in such a system is inconvenient because all changes must be made to the control lists of all subjects who did have access to the object. Suggest an alternative, less costly mea..

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Important to estimate national income of a country

a) Why is it important to estimate National Income of a Country? What difficulties do economists encounter while carrying out such a task particularly in developing countries?

  Computing technologies on business productivity

Describe the impact of software development and computing technologies on business productivity.

  Middle of the great depression

Many economists believe that a falling money supply was in part responsible for the severity of the Great Depression of the 1930s. From this perspective, was the check tax a good policy to implement in the middle of the Great Depression?

  What is the third estate by abbe sieyes

What is the Third Estate By Abbé Sieyes. Explain how the meanings of these two concepts seem to have changed (if you think that they did change) during the radical stage of the French Revolution (1792-1794).

  How the coase theorem provides an alternative to government

Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?

  Find the equilibrium level of output

At each level of output compute savings. At each level of output, compute unplanned investment (inventory change). What is likely to happen to aggregate output if the economy were manufacturing at each of the levels indicated?

  Elucidate what would you think was the reason

The government did nothing to stem the decline. From the point of view of economic policy, elucidate what would you think was the reason.

  Implementing fiscal and monetary policies

Some believe that the federal government has much influence on the country's economy when implementing fiscal and monetary policies. Do you agree that this is true? Why?

  Why would you as a ceo of a business choose

Why would you as a CEO of a business choose to pay your workers more and give them better benefits than your competitors?

  Price of low- tech manufactures in america

What happens to the price of high-tech manufactures relative to the price of low- tech manufactures in America following trade?

  Real wage rate if the labor supply function is positively

A sharp decrease in housing prices makes people much less wealthy. If the primary effect of this decreased wealth is felt on labor supply, what happens to the level of employment and the real wage rate if the labor supply function is positively relat..

  Discuss basic components of the aggregate demand

There are four basic components of the AD curve, Consumption, Government Expenditures, Investment,  and Net Exports. Of these 4-components what one of them is currently negative.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd