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1. Identify and briefly describe the main ideas Keynesian economics is based on.
2. Compare and contrast the income-expenditure graph with the AD/AS graph and the Phillips curve graph. Be sure to include the assumptions that are made in each model.
3. Discuss the multiplier effect including a description of what it describes in macroeconomic terms, how it is determined, and an illustration of how it is defined.
4. Identify and discuss 2 reasons why prices (not wages) may be inflexible in the short run.
5. Explain why an assumption of rational expectations leads to an economy that adjusts rapidly to potential output in the AD/AS model.
India's policies against exchange rates, foreign trade, domestic monetary systems and foreign policy. Also expand into how the political situation in India has effected the country economically.
Show the change in the balance sheet of the commercial bank receiving this money after it has been transferred to the Federal Reserve, but before it has had time to expand loans at all.
Price Discrimination: Assume that United Airlines knows that it faces the following demand equations and corresponding marginal revenue equations for its (one-way) SFO to Las Vegas route
Explain by how much should domestic automakers raise the price of automobiles if they wish to increase sales by 5 percent next year?
Discuss the immediate effects of the following events ondemand or supply in each respective market. Assume eachmarket is perfectly competitive. Indicate if you think demandor supply will shift right or left. Discuss how any shift indemand or supply w..
Define Market and Market Equilibrium? a. By using the demand and supply equations given below, prepare schedule and draw demand and supply curves?
Calculate the mean income class for those individuals with private, employer sponsored insurance. Is this greater than or less than the mean income class for those with private, individually purchased insurance? Any thoughts regarding the compari..
Design the logic pseudocode and a flowchart for a program that allows a user to enter 12 numbers, then displays each number and its difference from the numeric average of the numbers entered.
Suppose you purchased 5 apples and 3 oranges last week. Apples cost $0.75 per apple, and oranges were $1.00 per orange. How much did you spend on fruit?
A firm's current profits are $900,000. These profits are expected to grow indefinitely at a constant annual rate of 2 percent. If the firm's opportunity cost of funds is 4 percent, determine the value of the firm:
1. The level of your understanding of the key concepts of the major macroeconomic indicators. 2. Some in-text references to modular background readings (APA formatting encouraged).
Draw a supply and demand graph and identify the areas of consumer surplus and producer surplus. Given the demand curve, what impact will an increase in supply have on the amount of consumer surplus shown in your diagram
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