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the production function will determine aggregate supply in the long run. That it , the vertical position of the LRAS and the level of full employment income(Y-bar) represents the maximum possible of output level with full employment of all factor resources operating with, and using, the level of technology available. Now you want to "improve" the aggregate production function to increase the supply capacity of the economy. That it, you desire to move the vertical LRAS to the right on the AS/AD diagram.
LIST four initiatives that you would focus upon to get the job done.Hint: a GOOD ANSWER will identify the component elements of the production function we have discussed, and ADDRESS POLICIES that would "positively" impact the elements. Or, you can list any good initiative that would stimulate GROWTH in the marc-economy.
Important information about Regression anaylsis. Compute the equilibrium price and quantity.
In 2008, the box industry was perfectly competitive. The lowest point on the long run average cost curve of each of the identical box produces was $4,
At $300, a total of 10,000 ounces of output is profitable. Similarly, total production increases by 5000 ounces for each sucessive $100 increase in the price of gold. Describe the relevant relationship between the price of gold and the production ..
Conduct a research review of the published literature and write a concise summary and evaluation of the research that is related to unemployment
Describe the Quantity of Money theory and identify whether this is a Keynesian or Classical cornerstone. Explain what happens when, based on this theory, the money supply is increased D istinguish the concepts of active and passive stabilization
We cut down trees and sell the timber for $8000. The timber is sawn up into lumber that sells for $18,000. The lumber is used to build furniture that sells to consumers for $30,000.Which of the following unemployed workers would be an example of ..
Assume now that there is an increase in demand for the good produced in this market. Market has once again adjusted to long-run equilibrium.
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Elucidate how the following factors will influence India's ability to compete in a highly competitive, rapidly changing global market place.
Illustrate what sectors of the economy are likely to expand or recover in the near future. Illustrate what sectors may be the most vulnerable in the next year.
One cornerstone of President George W. Bush's economic policy during his first term in office was tax cuts targeted towards high income and high net worth households. Under his proposals the marginal tax rate applied to capital gains taxes has bee..
On your computer, go to an Internet search provider and type in "supervisor job openings". Choose three job openings related to a managment position that list required skills. Create a one-page summary listing the job title, job location, and the ..
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