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According to the Neoclassical School of Economics, the market institution should ensure:
Long-run perfect income distribution.
Long-run price stability.
Short-run perfect wealth distribution.
Short-run full-employment.
What is the explanation that has stood the test of time and analysis as the major cause of the Great Depression? a. The collapse of the U.S. banking system and contraction of the money supply was the major cause of the Great Depression. b. The stock..
In a survey on downloading music, a poll asked 705 internet users if they "ever downloaded music from an internet site that was not authorized by a record company, or not" and 15 percent responded "yes." Construct a 99 percent confidence interval for..
suppose that you are the chief economic advisor to the president of the united states. you are asked to propose a
How long will it take for your money to double? Show your calculations. You are not allowed to use any approximation formulas, such as the "rule of 70". Round your answer to 5 decimal places.
What is meant by stagflation. What economic circumstances might lead to a period of stagflation. In terms of the AD/AS model and/or the Phillips curve model, explain what is necessary to end a period of stagflation.
Tuition costs are expected to increase at the rate of 8 percent per year. The first year's tuition is due 5 years from now and will cost $6,000. A fund is to be set up today to cover the tuition costs for 4 years in an account that will earn interest..
In economics, what factors may help determine the value of information Can you provide factors in the case when information is treated as a consumption good Can you provide factors in the case when information is treated as an input in the decisio..
A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.
assignment research two periods in history one where the united states experienced an increase in inflation and the
Recent changes in airline baggage handling limit travellers to one 40-50 lb checked bag without penalty. Is this good FAA-imposed public policy? Good for whom? Bad for whom? Why should the FAA impose the rules instead of individual airlines offering ..
A price discriminating monopolist produces two products that exhibit the following price elasticities of demand and does anybody can have a dominant strategy? Explain.
network externalities are often an important aspect of demand for information goods and services. (The benefits to customers of using software, participating in electronic markets, or using instant messaging increase with the number of other users..
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