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why does the price level not enter desire consumption, investment and net exports of the desired aggregate expenditure function in the keynesian cross model
What are the requirements for something to be considered money? Why does the dollar have value?
Calculate the equilibrium price and quantity?
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
Another area where monetarists differ from Keynesians is money supply and interest rates. In the Keynesian analysis with less than full employment level equilibrium, the interest r
What is the difference between economic growth and economic development? Growth is only individual dimension of development. Economic development is a complicated multi-dimensio
In 2001, Puerto Rico enacted a law that requires specific labels on cement sold in Puerto Rico and imposes fines for any violations of these requirements. The law prohibits the sal
Suppose that the quantity theory of money holds & the velocity of money are constant at 5. Output is fixed at its full employment value of 10,000 & the price level is 2. a) Ver
Does a firm's price equal marginal cost in the short run, in the long run, or both? Explain.
What are the important tools of making decisions? Making Decisions: a. How economists model decision making through individuals and firms b. Implicit costs and Explicit-C
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