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1. If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you suppose that these strategy changes to impact the economy?
2. An economy achieves macroeconomic equilibrium, explain how? How high level inflation have a macroeconomic equilibrium?
3. Joe manufacturer construct a product that sells for $1,000. In the production process, he pays $750 for wages, $125 for materials, and $ 75 for rent. Three-fourths of Joe's o/p is utilized and the rest is invested.
Clarify about both the flow of product approach and wages approach which can be used to compute GDP also the role profit plays in these calculations. Compute GDP for Joe using both the product and income approaches and show how they must agree.
Elucidate the evidence that supports these recommendations and how your recommendations might need to be modified for the alternative economic futures
Illustrate what is the marginal income product of hiring one low-skilled worker to clear woodland for one month.
Notice it is assumed that Brian will spend at least 4 hours per week studying each of the 3 courses.
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
Assume the manager asks for volunteers to postpone their tour by offering increasing amounts of cash compensation until only four people want to see the caves that day.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
Elucidate which among the following is true.
Based on this example, discuss and defend whether or not big countries such as the United States should be worried about what is happening in small countries such as Greece. Elucidate general conclusions from this case that might be applied elsewh..
Elucidate how important is a rapidly expanding domestic market in Alibaba.com's strategic assessment
A bank borrows money from another bank on an overnight basis to meet reserve requirements. This money would be borrowed. determines the relative worth of money.
The primary difference(s) between the standard deviation and the coefficient of variation as measures of risk are: the coefficient of variation is easier to compute
We want to determine if the training program was effective. Compute the test statistic. At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates?
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