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What fiscal policy recommendations would you give considering the state of the economy today and in the future, the deficit, and the debt. Is your recommendation pro-cyclical or counter-cyclical? Explain your policy choices that you are making.
Discuss these three time horizons in terms of the price elasticity of supply. Sketch a figure showing supply curves for each of the time horizons.
For all problems consider a market containing four identical firms, each of which makes an identical product. The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are..
Explain how does monopolistic competition differ from a) pure competition; b) pure monopoly; c) oligopoly? Explain fully what product differentiation entails.
q1. josephine makes 100 a day as a flower shop attendant. she takes off two days of work without pay to travel to
Understand why depositing cash on a checking account does not affect money supply immediately. Understand why when a commercial bank buys government securities from its clients, new money is being created? Understand why when Fed buys government secu..
q1. as the ending of month approaches you realize that you perhaps will not be able to pay the next months rent.
If a central bank reduced inflation by 2 percent age points also to made output fall by 3 percent age points for 2 years
Suppose an economy has overbuilt and suffers from excess capacity. A recession ensues due to firms cutting back on expenditures. Is deficient demand more easily remedied by monetary or fiscal policy? Explain.
Elucidate each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
Occupational licensing can accomplish which of the following?
q. two companies a as well as b are duopolists that produce identical products. demand as well as for the products is
I know that the answer will be somehow related to the amount of marginal sales per day, but dont know how exactly to determine the allocation.
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