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Inflation, unemployment, and the business cycle
Explanation of the following two bullet points:
~Analyze the relationship among inflation, unemployment, and the business cycle
~Assess the impact of inflation, unemployment, and the business cycle
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
If you can borrow (and lend) money at an interest rate of 8 percent, will the investment be a profitable undertaking? Is the project profitable at an interest rate of 12 per cent? Provide numerical calculations in support of your answers.
Define the Economics terms, national accounting identity, Hodrick Prescott filter and what it does, Cobb Douglas production function
An essay on Market imperfection associated with negative externalities.
Illustratr what is the Keynesian solution to a recession or depression. Explain how does the Keynesian multiplier work.
Determine the profit-maximizing prices both firms will charge. In addition, calculate the price-cost margin for each firm and indicate which has more pricing power and why.
Consider the following data on US GDP-What was the grwoth rate of the GDP deflator between 1999 and 2000?
Find the overall change in the economy's money supply if, when the reserve ratio is 5%, the Federal Reserve System buys $250 million of US government bonds from the banking system. What would have been the change if several billionaires deposited ..
As a government needs to increase tax income, it will often increase the sales tax on gasoline.
Which of these would cause the demand curve for bison (American buffalo)
Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
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