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Can you relate the Classical and/or Keynesian macroeconomic models to assumptions about economic behaviors and to economics policies being implemented in the U.S. economy today? Discuss this with your group members. Is there anything that you've learned studying these models that gives you a better understanding of why the Obama administration's economists requested Congress to approve the "stimulus package" in 2008? Is there anything that you've learned studying these models that gives you a better understanding of alternative proposals that have been set forth for economic growth (or criticisms of the current policies)?
Supply and demand are foundational concepts in understanding economic theory. In the early part of the last decade, there was an overproduction of coffee. What do you think happened to the price of coffee and why?
What was Real GDP for 2009? What does GDP tell us? How did GDP change from 2008? What caused these changes
Explain why this statement and the assumption that net receipts will be zero at an output where marginal revenue equals marginal costs are wrong.
The employees of Abs “R” Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company.
Suppose capital is steady, with three machines and MPPK/MRCK = 30, determine the least cost input combo of labor and capital? How much output is produced?
Suppose the slope of the consumption function is 0.75 and there was an increase in income of $100. Calculate the increase in consumption.
If each security guard is paid $200 a week, and the cost of the stolen radio is $25, how many guards are needed to hire?
Consider a small country that exports steel. Suppose that a "pro-trade" government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel
In view of the current events in the Business World (unemployment, stock market down, businesses closings, and declaring bankruptcy) what nonprogrammed decisions need to be made by the public and Businesses?
Your firm, a monopolist has been given the following demand and cost functions: P = 100 - 2Q and C(Q) = 50 + Q2. a. What is the profit maximizing price and output for this monopolist?
What is a market clearing model? What is the difference between sticky and flexible prices, and how does the assumption about price flexibility relate to the time horizon of a particular economic model?
consider romers growth model of chapter 6 and let a ?0 100 ?l 0.06 z ? 13000 and l ? 1000.a what is the growth
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