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Discuss the role of the financial system in the Great Recession. Do you believe the banking system is largely at fault? The government? Individuals? All of the above? Why?
Using the Classical Full-Employment Model, demonstrate via the three diagram setup (labor market, product market & capital market) the impact of: The symptoms of the Ebenezer Scrooge Syndrome (ESS) include compulsive parsimony and fortitude culminati..
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.3, and a typical gasoline retailer enjoys sales of $2,350,000 annually. What is the price elasticity of demand for a representative gasoline reta..
A protective Tariff is often used by governments to attempt to control trade between nations to protect and encourage their undeveloped local industries, businesses. Using the Mundell-Fleming model, which of the following prediction is accurate under..
A man went to his bank and borrowed $750. He agreed to repay the sum at the end of three years, together with the interest at 12% per year, compounded annually. How much will he owe the bank at the end of three years?
suppose bob considers borrowing 100 from sheila at a 10 percent interest rate. they both think that a 4 percent real
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
Suppose someone else tells you that even if average real wages or average real compensation per hour increase, economic inequality could increase as well. Is this possible? To judge that overall prospects for a motion, what information might you want..
The market for qbits is initially competitive and the market demand is: P = 400 - 0.4Qd. The combined marginal costs of the firms in the qbit industry are: MC = 50 + 0.6Q. Draw the demand, and marginal cost curves. Calculate and show how much these f..
ABC Software, a small producer, decides to renovate its premises. Instead of hiring an outside contractor and tradespeople, the firm decides to use its employees---secretaries, programmers, sales staff, and others--to do most of the work.
Describe why it is often asserted that that exporters suffer when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
Which economic decision makers determine the demand for labor. What are their goals. Illustrate the decision criteria do they use to reach their goals.
In England in the early 19th century, skilled knitters began to worry about their jobs after the invention of machines that could produce textiles using unskilled workers. What would have been the expected impact on employment of skilled and unskille..
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