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The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention? What were the most significant microeconomic and macroeconomic effects of this government intervention? Why?
q1. will each of the following increase decrease or have no effect on the natural rate of unemployment? explain your
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
Suppose that in addition to repairing your car, you can also spend money advertising. If you repair your car for hours and spend A dollars advertising, your benefit (the amount you revive when you sell your car) is B(H,A)=220H-H^2+2A. Both H and A ar..
Other things being equal, the markup above marginal cost that a monopolist charges will be:
Explain why do you suppose that employees pay for general training and the employer pay for specific training with respect to the basic competitive model.
q.address the following questions1. what is the elasticity of the demand for cookbooks bought this way?2. is the
The government is contemplating to implement actions to prevent climate change. If no action is taken then climate change will happen with a probability of 20%. There is a probability of 100-20 that there will be no climate change. We will not be abl..
As an industry moves from being a monopoly to a monopolistically competitive one (due to entry of new competitors as monopoly's patents expire, for example), what happens to elasticity of demand curve facing firm.
Is the price mechanism of a perfectly competitive market a good mechanism to allocate gasoline.
Consider a facility that has a 30-year life, a replacement cost of $1 million, and an interest rate of 5%. Calculate the animalization factor. Show your work/ calculations using the formula. Based on the animalization factor, calculate the annual cos..
Trade restrictions usually benefit domestic producers because they increase the domestic price of the good. Trade restrictions usually benefit domestic consumers because they increase the variety of goods available. The benefits of trade restrictions..
Solve graphically: Show an increase in real interest rates that decreases quantity supplied of savings. (m2=0)
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