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1. Travel on a train between Paris and Madrid and the view from the window changes- ?uctuating between green land and a heavy concentration of economic activity. What explains this bunching of activity over space? Could similar factors explain the bunching of activity over time (the business cycle)? If so, how should governments respond to the business cycle?
2. What role do you think consumer and ?rm psychology has in driving the business cycle through ?uctuations in demand?
3. What are the impulses and propagation mechanisms of Real Business Cycle theory and Keynesian models?
a company that specializes in online security software development wants to have 85 million available in 3 years to
a major producer of plastics in the united states is about to expand its business. as part of this expansion it will
Graph the firm’s long-run average cost and show that it reaches a minimum where q =1. Determine the long-run equilibrium price (p*) and the firm’s long-run equilibrium output (q*).
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score.
Health plan guaranteeing that all qualified participants can purchase MRI tests at an effective price to the individual of $100 per test. How many MRI tests are now demanded? Is the result in the market a surplus or shortage?
This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:
The federal government cuts spending on the purchase of new goods and services by $35 billion at a time when households are not spending 40% of additional income they receive.
compute the gdp of tanzania by using the following hypothetical information all amounts are in trillions of dollars
Show that if oil is produced from two reservoirs, one with high marginal cost and one with low marginal cost, it is not possible for the Hotelling rule to be satisfied for each reservoir simultaneously. Give two reasons that oil might be produced ..
Suppose that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output Would an increase in input prices lead to a reduction in output
1. Nate (similar to Freddy, who was discussed in class) is trying to decide whether Kimayais a nice person. There is an equal chance that Kimaya is mean, average, or nice.Whenever a person meets Kimaya, she acts either pleasantly or unpleasantly. If ..
What does Marx mean when he uses the term “mode of production”? How is the mode of production related to the forces of production and the relations of production? (Be sure to carefully define ‘forces of production’ and ‘relations of production’ in yo..
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