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Suppose the economy is initially in short run equilibrium at a level of output above the natural rate.
Use the IS-LM model to graphically show how the levels of income and interest rates change as the economy returns to the natural rate of output in the medium run. Explain.
an estimate of the demand function for household furniture produced the following resultsf 0.0036y 1.08 r0.16 p 0.48
q. 1. describe michael porters five-force model and indicate why many observers regard his paradigm of industry
On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.
Elucidate what other evidence could a manager look for to infer whether a market is in equilibrium. What are possible causes of the shortage.
Explicate your rationale. Once more, with the similar organization in mind, converse the most effective way to maintain also extend a competitive benefit.
q1. use the following general linear demand relationsqd 100 - 5p 0.004m - 5 pr where p is the price of good x m is
Do economic events affect presidential elections. to test this so -called political business cycle theory. Elucidate what is the expected sign of X.
This question uses the general monetary model, where L is no longer assumed constant.
Briefly explain why the three variables are appropriate explanatory variables to predict the consumption of services or why they are related to consumption.
A few years ago a construction manager earning $70,000 every year working for a regional home builder decided to open his own home building company.
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
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