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Using the II-XX framework below, show using a figure that fiscal policies by themselves cannot bring the economy to both internal and external balances. Do start with an economy at Point 2 (you will have to address devaluation). A close to complete answer must clearly explain how the economy that evolves from Point 2 can reach points 4 and 3 before finally arriving at point 1, i.e. the desired equilibrium.
If your employees are self-interested, how much output would you expect each individual worker to produce absent monitoring.
Briefly describe how these firms would price discriminate: department stores, airlines, movie theatres
Please plot the following aggregate demand curves from the following equations: Please plot both curves to scale.
What's the effective annual return Friendly's earns on this lending business? If you were brave enough to ask, what APR would Friendly's say you were paying?
You are the owner of a family-owned restaurant. You do not pay yourself a salary or an hourly wage. How and why does this practice affect the economic cost of serving your patrons?
Suppose you borrow $6,000 in student loans at a 5 percent annual interest rate in 2013. How much will you owe after 10 years of accumulating debt? If inflation is 6 percent per year over this period, how much will you owe after 10 years in real 2013 ..
Use the theory of transaction costs to justify protecting the following rights by injunction or damages: Suppose that two people choose to litigate a dispute. Should the law presume that if two parties are prepared to litigate, transaction costs must..
Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ?
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP).
Assume that Janet Yellen (chair of the US Fed Reserve) decides to reduce the US money supply (i.e., contractionary monetary policy). Using the concept of money market equilibrium, explain what will happen to interest rates and prices in the U.S. in t..
An argument for making regulated monopolies adopt marginal cost pricing is that this would:
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