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What is the likely effect of an exogenous decrease in the price of oil on the Canadian economy? Explain how the Bank of Canada would respond to such shock.
Read the following article:
https://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4
150-250 words
A no of empirical studies of automobile demand yielded the subsiquent estimates of income and price elasticities
Explain how have they implemented the policy changing the "interest rate", changing the reserve ratio, or open market operations. How has this policy impacted you and/or your company.
Explain why do you think the labor supply curve for very gifted or unique people is quite inelastic.
There are 168 hours in a week. Of these, about 60 hours will go to sleeping (more or less). That leaves 108 hours for which we have a choice in terms of how we will spend that time. Let’s assume that we will spend the 108 hours in either work or leis..
economists also the public at large normally think of skill-level having having an inverse relationship with unemployment.
In the context of a supply demand diagram of low skill labour market, a minimum wage above competitive equilibrium will decrease employment relative to competitive equilibrium.
How are producers of the goods we consume supposed topromote societal well-being through the pursuit of profits?
1. why might the homo sapiens production possibilities curve have shifted outward to the right much more rapidly than
What are the economic theories of opportunity cost, supply and demand of a resale store or non-profit organization?
Does not economic growth and the innovation that generates it, produce more and more substitutes or new discoveries of reserves
Assume government imposed a minimum wage above what otherwise would be the equilibrium wage rate for this segment.
In the essay, "Economic Possibilities for Our Grandchildren," written in 1930, John Maynard Keynes predicted that economic growth we would "in a hundred years...(be) eight times better off in the economic sense than we are today." In 2015, U.S. real ..
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