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Using the aggregate demand and supply model, draw an economy in a boom with equilibrium national income above full employment GDP. If the government decides to intervene to return economy to full employment, illustrate and describe what will happen to the economy in the short run and in the long run.
Elucidate the relationship among the ratio of marginal utility and the price of each good consumed in consumer equilibrium.
Find out at least two sources to help you solving the subsiquent questions about the air line company.
If the elasticity of US exports with respect to the real exchange rate is very low, will this increase in private saving have a large or small effect on the U.S. real exchange rate
Identify also explain the key features of an oligopolistic industry. Illustrate your answer with reference to an industry of your choice.
Illustrate and discuss the questions that emerged from Walras research strategy.
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders.
Differentiate at least two different eighteen month forecasts for Gross Domestic Product (US) and graph them. Include a reconciliation of differences between forecasts for GDP and a rationalization for which forecast you believe is most accurate.
Conventional telephones are frequently breaking down, and it takes months to get a new line installed. Firms are thinking of adopting new parallel wireless system offered by private firms,
Imagine that the firm must choose one of three quality levels: z = 1; z=2; and z = 3. Which quality choice will maximize the firm's profit?
Make sure to properly cite and reference the article in your review, along with any additional sources that you use.
Illustrate what happens to the supply curve and the equilibrium point when a new technology improves a production process.
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
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