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1. Discuss the proposition that a change in the rate of growth of the money supply will not affect output and unemployment in the short run, as well as in the long run, if wages and prices are fully ?exible.
2. "The rate of money growth is the sole determinant of aggregate demand and the trend rate of in?ation, and the stance of ?scal policy is irrelevant." Discuss.
3. "In response to demand shocks, short-term price adjustments by markets occur earlier than quantity adjustments at the level of both the ?rm and the economy." Discuss the relevant theory behind this statement. Also, discuss its empirical validity at the macroeconomic level.
The person credited with the first systematic expression of the principle of comparative advantage was ( )
Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it..
the federal reserve decreases the money supply in the united states causing interest rates to increase.show and explain
Why are new surgical techniques developed with public funds whereas pharmaceutical research and development is conducted privately by for-profit firms?
What is price-wage rigidity?
Finally, she can take an hour drive to out of town to a neighboring city and pay 84 for the suit. Hannah makes $85 dollars and hour where she works. She has time to take off work to purchase her suit, so each hour away from work is 80 dollars in lost..
How should a Middle Eastern company evaluate the success of a strategic alliance? Identify relevant criteria and discuss your reasons for including them. Describe why they are relevant across industries, cultures, and geographic locations.
As a manager, what are some practical things you could do to raise marginal product per employee that also benefit the firm? In your answer use a company you currently work for or one you worked for in the past.
Is Publix the monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your classification of firm and employ the characteristics and features of the different market structure to determine which market structure to classify ..
A television station is planning the sale of promotional DVDs. It can have DVDs manufactured by one of two suppliers. Supplier A will charge the station a set-up fees of $1,200 plus $2 for each DVD.
Why did president Obama want to repeal the Bush era tax cuts on upper income taxpayers How would the repeal of these tax cuts impact aggregate demand and to what degree? How did the economic conditions in 2010 make such a repeal less likely to tak..
It it the legitimate and necessary role of the federal government or the Federal Reserve System to provide "fiscal stimulus"? Under what Constitutional authority? If so, when should stimulus be provided, and how should we determine the size of the st..
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