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Prepare a two- to three-page analysis:What is nominal GDP?
What is real GDP? What is included in each?
Why are these measures important?
What do they tell us?
What was GDP for the last two years?
Illustrate what are the two main challenges of the international trading system? How have these concerns been negotiated among trading partners.
In the late 1990s a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential output had risen. Show their argument using the AS/AD mo..
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
Elucidate the impact of inflation, unemployment and the business cycle. Explain if the conditions are consistent with the Keynesian or classical economic theory.
Manufacturing support also selling as well as administrative costs comprise both variable and fixed costs; fixed manufacturing support costs for the present year
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0.
The economy is doing well in 2000. Revenue was rising and the stock market hit new record highs. As a result, the price of housing rose.
Over half of the nation's lettuce comes from three California areas: the Imperial Valley in the southeastern corner of the state, the area centered around Huron in FresnoCounty, and the area around Salinas in MontereyCounty. The Imperial Valley ha..
Do incumbent politicians utilize their power and influence to get re-elected. Is this a "valid" use of political power. How does this impact business firms. Please discuss.
Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:
Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and maintain separate record keeping syste..
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
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