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Microsoft Word - Final Exam.docx
Part A) What is ‘Classical Dichotomy'? What is the neutrality of money? Are the two related? If so,how are they related? What are the major economic and political conclusions of ‘Classical Dichotomy'?
Part B) Do Classical Dichotomy and Neutrality of money exist in the Keynesian model? (Use the AD-AS or IS-LM models for the purpose of analysis). How do the economic and political conclusions of the Keynesian model differ from those of the classical model on account of this?
Explain your answer in detail.
[Hint: Explain the major changes in assumptions about the labour and money markets that lead to the lack of existence of the classical dichotomy and money neutrality in the Keynesian model and how they relate to economic and political conclusions of the Keynesian model]
Explain how the business uses technology or the Internet to identify its target market and to differentiate its product from the products of competitors.
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In the back and forth of an organizing effort, proponents of the unionization effort may cite the need for a seniority system as a way to ensure fairness in situations of layoff and promotion. What factors shape your point of view
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You will find two scenarios. Your assignment is to discuss the situation by writing the solutions, and then show the solutions and how you got here in one or more graphs or flowcharts.
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US has experienced continuous current account deficits since the early 1980s. What do you think are the main causes for the deficits? What would be the consequences of continuous U.S current account deficits?
Would China be considered as pursuing economic policies that resemble a Neo-mercantilist approach to trade? Explain the theoretical and practical relevance of the question within context of the trade theories
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