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Policymakers should be passive in response to the business cycle since the economy, like the human body, has "natural restorative powers." Using an aggregate demand and supply diagram, explain this claim. Also, referring to the graph, explain in detail, using specific examples, the opposing perspective on this claim.
suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is
You are cultivating a strain of E. coli for research and inoculate a flask of rich media with 50 cells. Assuming an exponential growth rate of 2.5 cells/hour and that you need 1,000,000 cells for your analysis, how long will you need to culture t..
Some politicians have suggested that the U.S. enact a constitutional amendment requiring that the federal government balance its budget annually. Explain why such an amendment
Using the marginal utility theory explain the consumption patten of consumers
Explain what you understand by an indifference curve. Explain also how the indifference curve and budget line apparatus is used to derive a consumer's demand curve. In drawing a demand curve, certain things are held constant. What are they and how..
What determines whether or not resources is scarce? Why is the concept of scarcity important to the definition of economics?
If the required reserve ratio is 10 percent, banks keep 2 percent excess reserves, and the public keeps a 10% cash to deposit ratio, determine the money multiplier?
What are the two basic choices for them to get out of financial trouble Explain the impact of each. Why are some states playing for a federal bailout if needed. How is that like a game of Chicken Explain. Why would the New Congress do better to le..
The HIPAA privacy rule states, "An individual has the right to inspect and obtain a copy of the individual's protected health information (PHI) in a designated record set."
According to the article "Emotional Intelligence and Effective Leadership", one of the most important constructs in leadership today is the concept and application of emotional intelligence (EI).
Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?
Illustrate what is the size of the labor force. What is the official unemployment rate.
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