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What is the current rate of inflation or deflation? Which one do think might be more disruptive for an economy, and why?
Describe a policy in the AS-AD model that would reduce inflation from the current level. Do you the U.S. should adopt this policy? Why or why not?
Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.
Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of rebate.
How many tickets to sell to maximize total welfare.
How much the quantity of a good traded changes after a shift of the supply curve depends on the size of the shift.
For each level of output except zero output, compute the average variable cost (AVC), average total cost (ATC), and average fixed cost (AFC)
What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today? What is supply-side economics? Does it oppose the Classical, Keynesian, or Monetarist theory? How does supply-side economics affec..
Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic. Find a product that has not already been selected by another student and describe its price elasticity and income elasticity.
Should we worry or lose sleep over our $16 trillion public debt? If there are legitimate concerns related to our increasing public debt, what are they and why should they be of concern?
What effectiveness of monetary policy depends on how easy it is for changes in money supply to change interest rates.
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in ..
What is the "free rider" problem and how is it related to the distinctive properties of public goods? Why will unregulated markets supply less than the optimum amount of a public good?
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
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