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If an economy experiences an increase in its capital, everything else constant, then its production possibilities frontier (PPF) will a. Expand outward proportionally b. Expand outward largely in the direction the labor intensive good. c. Expand outward largely in the direction of the capital intensive good. d. Not expand until labor grows
Use the Aggregate Demand/Supply Model to: A) Explain the circumstances under which expansionary fiscal policy will result only in inflation. Explain the economic conditions that cause this to be so, and use appropriate graphs to augment your discussi..
Why is each the policy necessary? The welfare of consumers, producers, and society (the winners and losers) before and after the policy
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
The White House sees a recession on the horizon, but Congress is preoccupied with other issues and is slow to act.
Suppose short-run output exceeds full potential output by 3 percent. According to Okun's law, what is the effect on unemployment? Assuming that inflationary expectations are constant, what is the effect on wages?
Explain why the total profit (from all sales) is still likely to lower with this pricing scheme than with perfect price descrimination despite fixed fee equal to the entire consumer surplus of a typical customer.
Illustrate what do you agree with the speaker. Explain your answer with the use of a graph indicating the firm's short-run cost structure.
Examine the gift tax consequences of the transaction based on the use of the irrevocable trust, as compared to direct payments to the grandchildren.
The U.S. money supply (M1) at the beginning of 2000 was $1,148 billion broken down as follows: $523 billion in currency, $8 billion in traveler's checks, and $616 billion in checking deposits. Suppose the Fed decide to reduce the money supply by incr..
The probability that any given unit will operate for at least (1) 39 months, (2) 48 months, (3) 60 months. (Enter your answer to 4 decimal places using probabilities shown in the above table.)
Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost minimizing combination of producing P = ..
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