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What is the difference between anticipated and unanticipated inflation? How do they differ in their effects on economic agents? Does inflation have no effects on the economy if it is anticipated? Explain.
1. Describe the four types of unemployment. How do the four types differ in their effects on the economy and on the unemployed?
2. what is meant by industrial policy? Discuss the strengths and weaknesses of an industrial policy
3. What is meant by "quality (of capital) per worker"? How does improvement in the quality of capital affect economic growth?
4. Explain how the law of diminishing marginal returns is related to the per-worker production function
In developing nations, young women have lower enrollment rates in secondary school than do young men. Describe several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
Using graph, illustrate the effect of an increase of the input price on the production and profit of a one input-one output firm with decreasing return-to-scale technology?
A reduction in income will cause: a reduction in the supply of central bank money a reduction in the demand for currency and reserves an increase in the demand for reserves none of the above
Suppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. • What are the required reserves of People's National Bank Does the bank have any excess reserves
recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected
Explain Myrdal's concept of cumulative and circular causation and compare and contrast it to Veblen's concept of cumulative causation.
Derive the short-run cost function - Derive the total surplus and briefly explain how and why the prices differ under different market structures.
Describe briefly the determinants of income levels and economic growth according to the models and frameworks discussed in class.
suppose that the firms initial demand curve had been p 5000 - 50q and that it shifted inward to p 4000 - 50q. assume
The minimum acceptable price for a product that producer Sam is willing to receive is $15. It is $12 for producer Sue. The market price they could get for the product is $18. What is the amount of the producer surplus for Sam and Sue combined
Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.
A Restrictive monetary policy by the Fed must lead to: A primary goal of monetary policy is to: The major tools of monetary policy available to the Federal Reserve System involve: When the Federal Reserve uses open market operations (OMO) in an expan..
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