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A central bank with a dual mandate will achieve lower unemployment in the long run than a central bank with a hierarchical mandate in which price stability takes precedence. Is this statement true, false, or uncertain?
Given a perfectly competitive firm in the input and output markets where: P0 = exogenous price, Q = f(K0 , L) where dQ/dL > 0 and d2Q/dL2
Public goods can be produced by either the government or the private sector. Private goods can be produced in either sector as well. The problem is that the market tends to underproduce public goods and overproduce private goods.
Compare the automotive manufacturing industry of today to the automotive manufacturing industry of the 1950s. Applying the enconomics of price and output, what is the difference between the industry of today and that of the 1950s.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
The Los Angeles retail market for unleaded gasoline is fiercely value competitive. Suppose situation faced by a typical gasoline retailer when the local market price for unleaded gasoline is $2.50
second quarter on strong organization wide sales growth, beating Wall's Street's expectations. What happened to their stock after the announcement.
Scorching heat and the worst drought in nearly a half-century are threatening to send food prices up, spooking consumers and leading to worries about global food costs. On Wednesday, the government said it expected the record-breaking.
- perfume: A $100 bottle of perfume may contain $4 to $6 worth of ingredients - Jeans and "alligator/animal" shirts: The "plain pocket" jeans and the Lacoste knockoffs often cost 40 percent less than the brand-name items, yet the knockoffs are ess..
Briefly explain whether you agree or disagree with the following statement '' Assets are things of value that people own . Liabilities are debts . Therefore a bank will always consider a checking account deposit to be an asset , and a car loan to ..
If twelve units of a good are sold when the price is $1 per unit, and eight units are sold at a value of $1.50 per unit,
Suppose that government purchases reduce by $10 billion, with other factors held constant. Compute the change in the level of real GDP demanded for each of the following values of the MPC.
Determine what did classical economists suppose about flexibility of values, wages, and interest rates and what disagreements did Keynes have with classical economists?
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