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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)? Use the AD-AS framework to support your analysis with a graph.
Illustrate what are the short-term and long-term implications of states disagreeing on recognizing marriages performed in other states.
Explain how can you apply what you learned about the concepts of supply and demand from the simulation to your workplace.
In 2008, box industry was perfectly competitive. The lowest point on long run average cost curve of each of the identical box producers was $4,
Give a graphical representation of the trend in inflation and unemployment in terms of unemployment for the period 1983 - 2011. Comment outcome.
Illustrate what are the pros and cons of regional trade areas such as the European Union and NAFTA.
After two years the City of Plentiful is faced with a fiscal crisis and decides that it wants its garbage back.
Explain why would this be described as a Prisoner's Dilemma game.
Write an equation that summarizes the cost function for her operation, as well as equations that summarize the marginal, average variable, average fixed, and average total costs of selling fresh drinking water at the kiosk.
Explain how would you hope the subsiquent events to affect the price you receive for a bottle of wine.
Suppose that this price cut was completely responsible for its raise in revenues from 460 million yen in 1966 to 640 million yen in 1967. Compute the indicated arc elasticity of demand.
Suppose a profit maximizing firm's short-run cost is TC = 700 + 60Q. If its demand curve is P = 300 - 15Q, calculate the short run?
Explain how would this affect the elasticity of demand for gasoline
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