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Q. Assume that the economy is currently in a recession. If policy makers take no action, explain how will the economy change over time? Explain in words and using an aggregate-demand/aggregate-supply diagram.
Q. Which resource of production is the only one that nations can significantly increase in the short-term?
Illustrate what can you say about the change in equilibrium price and quantity.
Nevertheless your total unit sales have increased over this period. Assuming rational buyers and no deceptive advertising, how can you account for this.
How big would that budget have to be before he would spend a dollar buying a first cup of coffee.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
If there are 200 rooms also the operating costs $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period.
Illustrate at what output level would the monopolist produce. Illustrate at what output level would a perfectly competitive firm produce.
Prove which at the revenue-maximizing quantity, cost elasticity of demand equals one.
Assume that household consumption decision suddenly become less sensitive to change in the rate of interest.
Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.
Define also Elucidate the three important components of organizational architecture responsible for the success or failure of an organizational design
If the annual real interest rate on the loans is 6%, explain how many car companies will buy a new car assembly machine.
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
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