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Recessions
Why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders? What conclusion could be drawn if the volume of unfilled orders and average length of delivery times decreased while inventories increased dramatically?
What do you regard as the main weaknesses of the Ricardian or Classical model as an explanation of the trade patterns? Why do you regard them as weaknesses?
Describe whether capital generated in the industrialized countries is finding its way to the less-developed.
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
Illustrate what price per ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs.
As you start your research, you realize your company would make a significant profit from doing business in China.
Assume a indiidual has $8 to spend only on apples and bananas.
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
Get price level stability under these conditions the government should:
Suppose the Federal Reserve lowers its target for the federal funds rate six times in seven months while the European Central Bank leaves its target for short term interest rates unchanged.
Draw indifference curves to represent the following types of consumer preferences-I like peanut butter, but neither like nor dislike jelly.
Consider a homogenous-product Cournot duopoly model in which Q is the market output-Determine the best-response function for each firm. Draw a diagram showing the two best-response functions.
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