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Classical economists belief that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential output in the long run. On the contrary, Keynesian economists believe because of price and wage rigidities the economy's equilibrium output in the long run may be less than its potential output. What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
Please note that a minimum of 250 words for the discussion posts is required. I need one in-texted citation in the APA format with the reference information.
In this assignment, you will examine the concept of creative capitalism. Bill Gates, cofounder and chairperson of Microsoft Corporation, advocates that in addition to seeking profits, corporations should also become social entrepreneurs in order t..
Discuss how Amazon used the four functions of management
Perform a functional decomposition to define the scope of the system. - Identify and prioritize their top causes for project failure.
Why is it that a profit-maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? Explain and justify your answers in detail.
You have just accepted a job at the State of Iowa in the Department of Human Resources - you are now the Director of HR for the State of Iowa. A large portion of your new role is to assist the small business owners located throughout the State of ..
The plaintiffs claimed that, among other things, the new rules violated their right to freedom of speech. They asked the court to enjoin the enforcement of the rules. Should the court grant this request? Why or why not?
Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When a..
Explain why would an increase of full retirement income age to be 70 years old be important to a white collar worker in an office building environment and a blue collar worker at that same industry
Calculate GDP in 2009 for this economy using the value added approach. Also, calculate GDP in 2009 using the expenditure approach. You need to show all ofyour work for full credit.
Management estimates that the economy will be fairly normal and thus the firm's earnings before interest and taxes (EBIT) will be $60,000. Assume the share price remains constant and ignore taxes. What is the anticipated earnings per share (EPS) i..
How much does the organisational structure and physical structure of an organisation condition the behaviour of organisation members? Compare modernist, symbolic-interpretive and postmodernist approaches.organisational structure and physical struct..
How implementation of Triple Bottom Line would affect your current or former organization's performance. Be sure to include at least two short term consequences and at least two long term consequences of using TBL measurement system.
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