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discuss the different economic theories of Milton Friedman. Why was he important? Has he helped or hurt our economy? If he were alive today, what do you think he would suggest as an economic plan for our economy? Would he agree or disagree with the current policies?
As all points on a contract curve are efficient, they are all equally desirable from a social point of view.
Suppose that American households change their tastes such that they want to save more at every level of income.
Productivity often increase during economic expansions and decreasing during economic recessions. Can you think of reasons why?
Illustrate what impact would the introduction of online rental of DVD'S have had on the in-store movie rental market.
A Monopolist is deciding how to allocate output between two markets. The two markets are separated geographically. Demand and marginal revenue for the two markets are given by:
Assume that the yearly personal income per capita is in the US is $39,000 in 2008, the price of gasoline is $4.00 per gallon, and the consumption of gasoline per capita is 450 gallons.
Utilize supply and demand analysis, the impact on the equilibrium price and quantity of new Hybrid automobiles when the following occurs
Illustrate what factors led to the mortgage default crisis. How did mortgage defaults affect banks involved in mortgage lending and mortgage investing.
Illustrate what is the own price elasticity for ATM fees charged to non-customers.
Primary purpose of the legal reserve requirement is to provide a means by which the monetary authorities can influence the lending ability of commercial banks - Exam: 050475RR - MONEY, BANKING AND MONETARY POLICY
The textbook claims that when people do not have to pay anything to use valuable resources, such as urban roadway space, they will continue using them until their value diminishes to zero.
Explain what macroeconomic topic the article addresses and summarise the article briefly to show your understanding and discuss what implications (if any) the chosen article has on Australia.
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