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Answer 2 questions
1. Explain why real GDP might be an unreliable indicator of the standard of living
- Answer not more than 250 words and add 2 academic references (Harvard referncing style)
2. Why does unemployment arise and what makes some unemployment unavoidable?
- Answer not more than 250 words and add 2 academic references (Harvard ref style)
Discuss utility and some of the properties about people's preferences. One is that "more is better ".do you agree that is always the case and if not do you have an example?
Once the crowding-out effect is accounted for, how will the following events affect the aggregate demand curve, as well as real interest rates? Use a Keynesian perspective. The Federal Reserve issues new discount loans.
Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the Foreign country. What is the no-trade relative price of cars in Foreign?
take a country named konowland that has an electoral college system. suppose there are nine small states in konowland
In a large city, a good, real-world example for perfect competition would be. A firm under monopolistic competition will earn
The interest rates on corporate bonds and government bonds of the same maturity tend, usually, to move together-increasing at the same time and decreasing at the same time. what could explain that fact?
Suppose that between i960 and 1980, U.S. steel industry wage rates tripled while general manufacturing wage rates doubled, and that productivity in the steel industry advanced equally with that in all manufacturing. Once the United States acquired a ..
Suppose that in 1960 Joe’s grandfather had a starting salary of $20,000 per year. In 2013 Joe graduated from college, got a job, and had a starting salary of $40,000. You need to know the inflation rate in each of the two years to figure out who is b..
Suppose two firms sell an homogeneous product; they compete in prices. Their respective marginal costs are MC1(q) = 10 and MC2(q) = 20. Find the prices that form an equilibrium (for simplicity and reality, assume that prices are quoted in units no sm..
Depends on economic casebook how much does it cost to make a pair of nike shoes international.
What market structure best characterizes the market in which University of Phoenix competes?
Suppose the government were to pass a law requiring insurers to offer the same prices for men and women. What effect would you expect this to have on prices and insurance coverage? How would this affect social welfare?
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