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After experiencing a recession for the past two years, the residents of Albernia were looking forward to a decrease in the unemployment rate. Yet after six months of strong positive economic growth, the unemployment rate has fallen only slightly below what it was at the end of the recession. A. How can you explain why the unemployment rate did not fall as much although the economy was experiencing strong economic growth?
Explain how and why the unemployment rate fluctuates with the inflation rate as is depicted in the Short-Run Phillips Curve.
Write out the payoff matrix for this game, and then find its Nash equilibrium.
Elucidate the effects of an increase in business investment on the short-run macroeconomic equilibrium.
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
Elucidate Illustrate what would happen if an outside agency Concluded the prices eBay could charge.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise.
By how much should domestic auto-makers increase the cost of automobiles if they wish to increase sales by 5 percent next year.
As per to the rule for optimal input usage, a firm should hire a person as long as her marginal revenue product is greater than her marginal cost to the company. Elucidate is a company violating the optimality rule.
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
Explains vicious cycle of poverty. Explain the difference between the economic growth also economic developments.
If total mortality among children remains constant whereas the incidence of that mortality shifted from late childhood to untimely rates of fertility declined.
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