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Consider an open economy in which the aggregate supply curve slopes upward in the short run. Firms in this nation do not import raw materials or any other productive inputs from abroad, but foreign residents purchase many of the nation's goods and services. What is the most likely short run effect on this nation's economy if there is a significant downturn in economic activity in other nations around the world?
Do the hold out values fall within the forecast 95% confidence limits?
q.an economist claims depends on an econometric study that high profits in a certain industry are explained by that
A number macroeconomic variables decline during recessions. One of these variables is the GDP. What other variables, besides real GDP, tend to decline during recessions? Given the definition of real GDP and its components, explain the declines in the..
Elucidate what impact will this change have on the price level, output, and employment in the short run in the United States.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results.
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to p..
Suppose there are two firms in a market that each simultaneously chooses a quantity. Firm 1's quantity is q1, and firm 2's quantity is q2. Therefore the market quantity is Q = q1 + q2. The market demand curve is given by P = 160 - 3Q. Also, each firm..
Twin deficits occurred in the 1980s reveal that huge government budget deficit may result in trade deficit. However, by the late 1990s, the federal budget deficit had moved into surplus, but the current account deficit widened. Can you explain the ca..
Illustrate what determines whether or not economic efficiency is achieved. What determines whether or not economic efficiency is achieved.
If we can get foreigners to give us real goods and services and talk them in to taking pieces of paper in return why should we want anything different?" Do you agree or disagree with this statement?
Illustrate what was each company's share of market at beginning and end of month. If current trend continues Illustrate what will market shares be.
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