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Defend your view on whether monetary policy should be expansionary, contrationary, or neutral right now. Be careful to identify the poaitive reasons for your normative position drawing upon the current state of the economy and macroeconomic theory.
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under?
what was the effect on the worldwide market for alcoholic beverages of the eighteenth amendment to the u.s.
Which of the Supply Factors do YOU believe will be most important for the future growth of the U.S. economy? WHY? Briefly explain what we mean by labor productivity. What is its most important determinant?
when the price of corn was low consumers in the united states spent a total of 3 billion annually on its consumption.
Fixed and Variable Costs
Monopolistically competitive industries consist of a large number of firms, none of which has a large market share. Oligopoly is different. This market structure involves an industry that is dominated by a small number of firms.
Presume a consumer's preference can be represented by the utility function U(X, Y)=X*Y. Also suppose the customer has $150 to spend and the price of good X is Px=$2 and the price of good Y is Py=$3. If the customer maximizes their utility subject to ..
General Electric (GE) is the company we selected. Explanation of the relevance to the firm, A strategy of how the firm will respond , A goal to maximize revenues for the years ahead 45
Given Y*=5000 and Y=5300. 1.) Compute the output gap for this economy. 2) Is the economy experiencing a recessionary or an expansion arty gap? Why?
assume that a hypothetical economy with an mpc of .8 is experiencing severe recession. by how much would government
Discuss how the "tale of two auto plants" in the opening article shows how the choices facing a firm marking a long-run decision on plant location are much greater than those for a firm with a plant already in operation.
How do costs play into your everyday life? For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)
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