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In three to four sentences compare and contrast the difference between a planned and unplanned economy.
When inflation occurs some economic agents gain and some lose. Who would gain and lose if deflation occurs Why What will happen to interest rates and investment according to Keynesian and Classical/ Monetarist theories
Suppose a consumer has $150 to spend on food and clothing. Food costs $4 per unit and clothing costs $5 per unit. The consumer's utility function is U(c,f) = f^2c. a. Give an equation for the consumer's budget line. b. Give a formula for the consum..
How is marginal analysis used in the price and output decisions of firms in the various market structures?
Gail has purchased a relatively unknown Stradivarius violin with a value of $2,000,000 which she plans to play every day (and therefore must keep at home). Gail is risk-averse. She is concerned about the potential loss of the violin through fire
If the Federal Government is giving more than it receives in tax revenues in an effort to reduce unemployment
What are the uses of Context Free Grammars? What are the applications of Context Free Languages?
what happens to a company's value added when it "contracts out" work? - what will happen to the economy as a whole?
Explain why the required reserve ratio, the excess reserve ratio, and the currency ratio are in the denominator of the m1 and m2 money multipliers.
Provide a graphical analysis to explain why a firm would exit the industry and the effect of its exit on the industry. (Hint: Use MR and MC approach and short-run competitive equilibrium for a firm and industry to graph the effect)
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
Calculate the Consumer Price Index in each year and calculate the inflation rate from 2010 to 2011 and then from 2010 to 2013 using the calculated CPIs.
Citrus Speculation and Forecasting, Inc., has been recruited by a private consortium of orange growers to predict what will happen to the price and output of oranges under the conditions below.
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