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Which of the following would cause an increase in long-run aggregate supply?
a. The price level increases.
b. The price level decreases.
c. Firms and workers expect the price level to fall.
d. The stock of capital increases.
e. Firms and workers expect the price level to rise.
Note that reverse culture shock refers to the process readapting to one's home culture following an overseas assignment. Why do you think this might be a challenge?
Oskar's preferences over gambles in which the probability of events 1 and 2 are both 1/2 can be represented by the von Neuman-Morgenstern utility function 0.5x5 + 0.5y5 where x is his consumption if event 1 happens and y is his consumption if event 2..
q1. what effective value is facing japan airlines for the purchase of a boeing 747 if boeings aircraft values in
How do government programs that provide benefits for the poor (such as food stamps) change the incentives of people to be classified as "poor"?
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
(The Long-Run Industry Supply Curve) A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium
If free trade and greater foreign competition causes markets that were previously oligopolistic to become monopolistic, is this good for the consumer? Is free trade and competition better for any workers unions that may have existed within the previo..
A group opposed to free trade concludes that the total number of domestic jobs will decrease because it estimates that 20,000 jobs will migrate abroad. The actual total loss is:
Develop a brief presentation assessing the economic, legal, and political environments of your country, Briefly describe the country's history and its relevance to its current political, economic, and legal environment
Can we say confidently whether good X is a normal good or an inferior good.
Do you think that the developing countries should be given special, favorable treatment in multilateral trade negotiations? Why or why not? Has such treatment been given to developing countries in the past? Explain.
You have just inherited $100,000 from your rich uncle Sam. Being the conservative sort, you rush to your local bank and deposit the entire windfall. The reserve requirement is currently 10 percent. What is the immediate impact on the balance sheet of..
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