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What are the outstanding faults of the economic system according to Keynes? What is the social philosophy implied by the General Theory? What gave The General Theory a revolutionary quality, and how was it (mis)interpreted, according to Hyman Minksy? How does Minsky's approach differ from orthodox Keynesianism?
q1. at a university faculty meeting in 2000 a proposal was made to increase the housing benefits for new faculty to
Edmund has the utility function U(x, y) = 2xy + 1. The prices of x and y are both $1 and Edmund has an income of $20. How much of each good will he demand? A tax is placed on x so that it now costs Edmund $2 while his income and the price of y stay t..
First National Bank receives a deposit of $5,400. If there is no slippage, explain how much could the money supply expand.
In an effort to reduce their total costs many companies are now replacing paychecks with payroll cards
Fred is considering the purchase of a lease that will allow him to operate a restaurant at the local airport for a period of five years. The lease will cost $32,000 annually along with monthly operation costs of 4,000. Fred anticipates monthly revenu..
Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Mirk Labs is a pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada, and the United States on Zatab, an allergy medication. The global demand for Zatab is: Qd = 15.0, 0.2P where Qd is annual quantity demanded (in millions..
Under which type of market structure is the firm's pricing decision the most difficult?
We found GDP in 2010 was roughly $15,000 billion. You learned in Chapter 1 that GDP fell by approximately 3 percentage points in 2009. Use the simplest model of fiscal policy from Chapter 3 to answer the following. How many billion dollars did GDP fa..
The following form of economic integration has only the following: free trade in goods and services, common external trade barries, and the free flow of factors of production: Monetary Union, Political Union, Common Market, or Customs Union?
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
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