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According to the Classical view of business cycles: A. it would be strange if fluctuations did not occur when individuals are free to decide what they want to do. B. expansions and contractions are symptoms of underlying problems in the economy. C. fluctuations in economic activity can and should be controlled. D. individuals will anticipate Government's reaction to a fluctuation and work with Government to smooth out the fluctuation.
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
What is an individual depositor'spayoff when he withdraws at t = 2 as a function of the number of remaining depositors who withdrew at t = 1?
Given that the demand function of the good Z; Assuming that Pz=10, Ps=40 and Y =950, what is the price elasticity of demand of good Z if Pz increases to $20? Assuming that Pz=10, Ps=40 and Y=950, what is the income elasticity when Y increases to $11..
Illustrate can the oligopoly market structure make profit for both consumers and businesses by forging common standards in industries that experience rapid technological change.
A local ice cream shop in a beautiful Miami beach realizes that its ice cream sales go up along with the number of shark attacks. Assume you are the owner of the shop and you realize that shark attack can be an excellent predictor of ice cream sales ..
Describe the concept of opportunity cost with example. What would be your opportunity cost of taking on-line classes to get a degree at your University as compared to taking classes at traditional day schools at your University?
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed several standard designs for a group of similar transmission line towers. The detailed design for each tower is bas..
Certainly there is a market for violent gaming, but I wonder if there is an ethical line that companies chose not to cross. For example, there are presently several games on the market that allow players to rape women. And then there is the issue of ..
Canada increased from 7,500 kg per month to 8,000 kg per month. Use calculated elasticity to comment on substitutability or complementarity of coffee and tea
Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.
Consider the market for education. The marginal social cost of education (MSC) and the marginal private benefit of education (MPB) are given by the following equations where Q is the number of units of education provided per year. MSC = 10 + Q. Suppo..
Brad will graduate next year. When he begins working, he plans to deposit $3,500 at the end of each year into a retirement account that pays 5% interest. How much will be in his account after 40 deposits?
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