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1. Using an AS/AD diagram, demonstrate graphically and explain verbally the short-run impact on the price level and real output of an increase in the labor productivity schedule.
2. For each of the following "quotes" from The Wall Street Journal, draw a picture to show how the AD curve will shift. Label your original curve AD0 and your new curve AD1.
(a) "The value of the US dollar rose about 50% against the yen and 20% against the mark."
(b) "The Dow Jones Industrials closed above 15,000 for the first time"
(c) "Federal investment in civilian capital and infrastructure, education, and research and development is falling." I need the clear solutions.
The firm need a combination of one unit of capital and two units of labor per hour to make ten units of output. The technology is such that an increase in labor has to be accompanied with an increase in capital, and a decrease in labor has to be a..
individuals firms governments and countries are faced with choices because all resources are scarce. a production
what will free public transit mean to the use of the public transportation service? What will free public transit mean to the use of the automobile?
Higher unemployment caused by ression and higher prices have contributed to substantial reduction during 2008 in the number of vehicles on bridges, roads, and in tunnels.
1. Assume the government has set a goal in 2016 to be more environmentally friendly; to meet this goal the government has come up with a strategy of providing consumers income tax credits for installing an energy efficient heating source:
The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally score. a. Did you face a tradeoff?
Describe the benefits and costs of such a sweeping trade agreement. Consider the various countries involved (you do not have to look at all of them!) and what it means for first and third world nations to join in such an agreement.
Reasons why people continue to migrate from diverse rural areas into the crowded and congested cities in spite of high and rising levels of urban unemployment?
Consider an economy that is operating at full employment equilibrium. Graphically illustrate the effect of an increase in government spending (G) on the price level and the level of GDP in the short run.
The "Market" section of the Bloomberg website provides interest rate quotations for numerous currencies. Its address is www.bloomberg.com.
Democracy has changed dramatically since its original application in ancient Athens. Describe the evolution of democracy by comparing and contrasting direct democracy with representative democracy.
If Congress has determined that the budget will not be completed by September 30, it should prepare appropriations bills to be reviewed by the President?
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