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Why do classical economists and Keynesian economists agree on the long-run effects of a fall in aggregate demand but not on the short-run effects?
Explain the potential role that the DOJ's leniency program might have on prosecutions and incentives for price fixing.
If an economy experiences a decrease in consumer spending, most economists believe:
assume that every driver faces a 1 probability of an automobile accident every year. an accident will on average cost
The inverse market demand in a homogeneous product Stackelberg duopoly is. Determine the reaction function for the firm 2 follower. Calculate the equilibrium market price. Calculate the profit each firm earn in equilibrium.
Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. ..
If the perfectly competitive market demand for cholesterol-free cookies shifts from QD,93 = 1,150 - 5P to QD,94 = 1,640 - 5P, and the market supply is given by QS = -100 + 2P, then the change in equilibrium price will be?
Shawn Bates was working to establish a business enterprise with four of his wealthy friends. Each of the five individuals would receive a 20 percent ownership interest in the company. A primary goal of establishing the enterprise was to minimize the ..
What are the factors determining the nominal interest rates. The real risk-free interest rate is determined in the loanable funds market by supply and demand for real loanable funds. What 4 changes (?) would shift the supply of real loanable funds..
Show how the lottery winning affect your budget line. After winning the lottery you continue to work the same amount of hours every day. What is the income effect of the lottery gain? Now your employer increases your hourly wage. Using the income eff..
Selling stocks. Suppose you have two stocks A and B. One falls in price and or increases. If you only care about rates of return, which one should you sell?
If you deposit $600 in a savings account that earns a nominal annual interest rate of 8%, how many years will it take to have at least $2,000? The effective interest rate on a mortgage with monthly payments is 4.6%. What is the monthly interest rate ..
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
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