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Discuss the effectoveness of government transfers to reduce economic distressin the context of a two period Ricardian Equivalence model. Discuss the implications and viability of the model.
suppose that beer preresents 22 percent of the economy and pizza represent 4 percent. Chocolate is the rest of the economy. What was the inflation rate for this economy?
How much profit does an unregulated monopolist earn. How much profit would be earned if MC pricing were imposed
sticky prices also income are often cited as an example of market inefficiencies during recession lay off workers yet many of these firms are related to begin hiring even as the economic situation improved.
The company you work for asks you to recommend whether their Mercedes truck should be replaced now or kept in service for an additional 10 years.
assume that government establishes a cost floor below market equilibrium for rents on how utilizing. Illustrate what will be main effects of this cost floor. Demonstrate your answer graphically.
Application Coal mining believes that it can increase labour productivity and, therefore, net revenue by reducing air pollution in its mines. Explain how much pollution reduction should Appalachian Coal Mining Undertake.
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Draw a diagram to Explain how effect of advance of technology in labour market.Illustrate what is when-to-work decision when technology advances.
Visit the Fed's Summary of Commentary on Current Economic Conditions, also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct problems with spending, employment, and prices. Defend your choices.
Set up an Edgeworth Box to depict this situation and elucidate why the situation is unlikely to be Pareto efficient.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
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