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1."During a boom, when inflation is perceived to be greater problem than unemployment, the government can run a budget surplus, helping to slow down the economy," Do you agree or disagree with the statement? Explain.
2. Explain and illustrate using the graph of the labour market and the production function the effect of decrease in labour productivity on potential GDP, the quantity of labour, and the real wage rate.
3. Consider an economy that is operating at full employment. Explain and illustrate using AD/AS model the effect of a decrease in government spending on real income and the price level in the short run and in the long run. (note: clearly explain the process of adjustment from short run to long run)
A bus driver records the time (in minutes) it takes to commute to school for 6 days. These results are: 25, 22, 17, 20, 15, 10. Assuming the population is normally distributed, develop a 90% confidence interval for the population mean. What is the ..
the united arab emirates economic growth is likely to slow to 2.3 percent this year from an estimated 4.9 in 2011 as
Explain why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare.
Each has a crucial role to play if the discipline system is to be effective. Discuss the elements of a company's discipline system or process and explain whether you feel it is effective or not in handling difficult or ineffective employees.
Assuming the firm shown in the graph below is a perfectly competitive equilibrium rather than a monopolist, what would the price and output be if the firm wants to maximize profits in the long run?
Difference between average total costs and average variable costs and the avenge fixed cost of producing 10 units of output
Why is it the case that a firm’s total variable cost curve begins at the origin AND slopes upwards from left to right? Explain both scenarios. Be specific.
Suppose the market for autoworkers is in equilibrium when the automakers purchase capital goods to produce more fuel efficient automobiles and these capital goods are a substitute for workers. What happens in market for autoworkers?
What price should DD set to maximize profits? What would output be if DD acted like a perfect competitor and set P = MC?
These actions have caused violent protests. Should the U.S. follow their example? What would be the consequences of just printing more money to pay the debts of the government?
Business has fallen off greatly at your upscale restaurant because of the economic crisis. List four things you can do to win back the loyalty of your past costumers.
a competing firm are the only sellers of a new product. You are engaged in an intense battle for initial market share. You both realize that the one who captures most of the market share will be the one who spends the most on advertising and promo..
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