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Which of the following is a major difference between the AD-AS model and the dynamic AD-AS model? The dynamic .AD-AS model assumes the economy does not experience long-run growth, while the AD-AS model assumes there is constant inflation in the economy. AD only includes consumption, investment and government purchases, while the .AD-AS model assumes .AD includes consumption investment government purchases and net exports. the SRAS is stable and will not shift while the AD-AS model assumes the SRAS can only change with an exogenous event such as oil price changes. potential GDP increases continually, while the AD-AS model assumes the LRAS does not change.
Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Elucidate price of waffle cones (in terms of ice cream scoops) would benefit both Iggi and Kurt and make both individuals willing to trade.
explain why the tax would be placed on gasoline rather than, say yachts. Illustrate what might be the long run effect of raising the price of gas.
explain increase in quantity of defense goods when there is an increase in marginal benefit.
Discuss the role of advertising also the desired impact on the industry's demand curve. Contrast this to advertising at the industry level.
How does the standard product of labor change when the industry utilizes 81 units of labor.
llustrate what will be the equilibrium price also quantity in the market. Illustrate what is the total market profit also consumer surplus.
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.
Illustrate what monthly profit would she realize with that level of business during the next 3 years.
The demand for Dunkin Donuts glazed doughnuts will change by Illustrate what percentage also in Illustrate what direction.
In your opinion should our government impose price floors and/or price ceilings in our economy.
Inflation during the 1970s was much higher than most people had expected when the decade began. How did this affect home-owners who obtained fixed-rate mortgages during the 1960's? How did it affect the banks that lent the money?
Determine equilibrium in wheat market with help of graphs. If re is an increase in price of rice, illustrate what will be its impact on market equilibrium.
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