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During world war 2, both Germany and England had plans for a paper weapon: they each printed the other's currency, with the intention of dropping large quantities by airplane. explain why might this have been an effective weapon?
Has consumer surplus been affected in any way due to the changes in the auto structure of industry
Illustrate what is marginal product of capital in this situation. What must the saving rate be to achieve the Golden Rule level of capital.
Describe the magnitude of crowding-out that results from the above fiscal expansion .Show the transition dynamics that results.
Adding four or more flights to existing routes, it will have to add two pilots also flight attendants.
Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?
If the resource prices return to original levels, but a new technique is invented that can produce.
Gains from trade will result if a country specializes.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
Illustrate what is the Business Cycle. Be able to describe all of its parts such as peak, trough, long-term trend, etc.
Describe some forms of government spending that represent consumption ad some forms that represent investment.
Illustrate what is the macroeconomic relationship with the article, "Squaring the Economic Circle" by Art Buchwald.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
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