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What are the differences between effective and aggregate demand and which one is most important in determining the equilibrium of Keynesian economy?
Problem on standard deviation
1.)What major business cycle facts does the RBC theory explain successfully? Does it explain any business cycle facts less well? 2.)How would governmental expansionary policy affect the economy according to both theories (classical and Keynesian)? ..
What is the real wage as determined by the price-setting equation and what is the natural rate of unemployment?
Nonetheless, Omega earns zero economic profits because numerous competitors have entered the market over the last few years. Based on this information, does Omega operate in a perfectly competitive market Why or why not
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses throughout the past several years. What impact will the repeal have on the exporting of jobs to foreign countries? describe by using isoquant ..
Since GDP measures the nation's output at current market prices, then if a good or service is not exchanged through the marketplace, it cannot and does not go into GDP A major difference between Classical economists and Keynesian economists is tha..
Determine the firms optimal advertising-to-sales ratio and if the firms revenues are $50,000, what is its profit-maximizing level of advertising?
What are the stages in the marketing research process? What is the marketing research method you would use to conduct marketing research for this soap? Why would you choose this method? How would you use marketing research to make recommendatio..
Assume that, over time, engineers develop new residential furnaces that can run on different tpes of fuels, e.g., natural gas, electricity, propane, and fuel oil, simply by flipping a switch on the furnace.
The Law of Supply movement along the curve due to the price effect occurs because people can buy only so much of a product.
The total operating revenues of a public transportation authority are $100M while its total operatiing costs are $120M.
Ted has preferences given by the utility function U(K,L) = K + 2L where K =pounds of Kale per month and L = pounds of lettuce per month. a. What is Ted's Marginal Utility of Kale? What is Ted's Marginal Utility from Lettuce?
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