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Use examples to distinguish between the resource market and the product market in the circular flow model. As we read this unit,
1. How does the circular flow model illustrate how our economy works?
2. How does the circular flow model work? What are the two flows in the circular flow model?
3. What does your household do with its resources and with its income?
4. How does your household interact in the resource and product markets? In what way is your household both a buyer and a seller in this model?
Determine what did classical economists suppose about flexibility of values, wages, and interest rates and what disagreements did Keynes have with classical economists?
Provide the cyclical nature of government tax revenues and spending, how would the resulting budget deficit or surplus vary over the business cycle.
Have we lost touch with human interaction/communication on some level? Have we come so far that it is too late to get some of that back?
Corporation X expects sales next year = $5,000,000. Inventory and accounts receivable will increase $900,000 to accommodate this sales level.
In a closed agricultural economy, a new water source has been discovered that is expected to provide a steady supply of water for the crops and thereby increasing expected output in the future. Assuming no other changes in the economy, answer the fol..
Compare a collusive oligopoly market structure with perfect competition in terms of price, output, allocative efficiency and consumer and producer surplus. Support your analysis with economic theory and graphs.
This would be a good chance to point out one very important information. We associate monetary rule with lower or higher interest rates, but what most people do not realize is that the Fed is actually doing is changing money supply
Illustrate what is the impact of shifts of the aggregate demand curve on potential output.
Suppose you are given the following data: What is the real GDP for 2013?
Calculate the average total cost at these different sales levels. Assuming that the cost structure for every firm in the industry is identical, do you think that the industry could be in long-run equilibrium?
write a three to four 3-4 page paper in which you1. analyze the current economic situation in the u.s. as compared to
In about 200 words briefly describe the importance of the law of diminishing marginal utility.
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