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Describe the relationship between unemployment and real and nominal wages. Which is more important and why? What effects would either an increase or decrease in unemployment have on wages?
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
What distinguishes money from other assets in the economy? What are demand deposits, and why should they be included in the stock of money?
Suppose that you are the chiefeconomic advisor to the president of the U.S. You are asked topropose a strategy to bring the economy out of recession. Your goalis to avoid inflation and yet bring the economy to full employmentas rapidly as possible..
Determine the profit-maximizing output and price. b. Calculate profits and deadweight loss. c. If this was a monopolistically competitive firm, would your answer in parts a and b change.if this was a monopolistically competitive firm, what would happ..
The ability for economy to eliminate any imbalances in actual and potential output is sometimes called self-correction. Using an aggregate supply and aggregate demand diagram,
Starting from the uncontrolled level of pollution claculated in part c, find the marginal willingess to pay for polloution abatement, A, for each consumer class (Abatement is reduction in pollution; zero abtement would be associated with the unctr..
Assume you do not think that the statement does have any credibility. Illustrate what is the expected impact of the resulting policy on your business.
Marketing managers feel it is 1st important to get an idea of the climate in country towards foreign trade and investment. Examine Indonesia's trade policies as to how they advertise or restrict international trade.
Do such technological advances contradict the law of diminishing marginal returns
Consider a market for meals in a school cafeteria. Suppose that in this market only one seller (the school foodservice unit) can sell meals to an unlimited number of students. What is the price elasticity of demand at p=4 at that price
Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.
Most nation are interdependent where trade is concern. We all depend on each other. Should America aim to be self sufficient in the production of goods and services, rather than depending on other countries for trade.
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