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We know that Keynes and Minsky both had a multipoint description of the trade, or business, cycle with Minsky being more detailed than Keynes. Using Keynes' elements of the trade cycle as major bullet points, as-sign Minsky's elements of the business cycle to the appropriate elements of Keynes to demonstrate more directly how Minsky elaborated Keynes.
calves and burying them in mass graves rather than transporting them to markets. Elucidate what economic factors may influence such behavior.
Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply
Illustrate If G rises to 200 and T rises to 150. How much would the GDP change as a result.
Elucidate why there is a relationship between price elasticity of demand and the effects on total sales revenue.
Explain how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
An externality arises when a firm or person engages in an activity that affects the well-being of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is beneficial, it is called a (negative,..
Contraction GAP, Illustrate what does a Contraction Gap imply about the actual rate of unemployment relative to the natural rate.
What rate of output maximizes profits? What is MR at the rate of output? What is price? If output is increased beyond that point, what is the relationship of MC to MR? How will this affect total profits?
indicates that the short run price elasticity of demand for tires is 0.9. if a tire store raise the price of a tire from $50 to $60, elucidate by what percentage should it expect the quantity of tires sold to change.
Can you offer another reason why the New Jersey dealer might not have wished to follow a no-haggling policy.
Explain the role that money plays under the Classical Macroeconomic Model. As a part of your discussion, include the impact the Quantity Theory of Money and Say’s Law have on this model and state in algebraic terms how the money supply relates to pri..
The distribution of family income is preferable than the distribution of household income because
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