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Determine the macroeconomic effects of the following macroeconomic event when the economy is initially at less than full employment. The required reserve ratio is 5% and the Federal Reserve Bank carries out a $20 million open market purchase. Banks hold no excess reserves. Price effects dominate income effects.
Indicate if GDP is affected, under what category and what happens to GDP Oklahoma cleans up after a devastating tornado.
Determine the cost to the government of buying firms unsold units
Depict the von Neumann-Morgenstern utility index u in a diagram
Each firm can monitor the other's price very closely and can respond instantly
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Determine the quantity demanded, the quantity supplied, and the magnitude
Describe the difference between Economic contraction and Economic expansion
Describe the Schumpeterian notion of "creative destruction"
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
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