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Q1. Are recessions a necessary fact of macroeconomic life? If not, illustrate what would it take to eliminate them? If they are unavoidable, illustrate what types of business can benefit from them?
Q2. It has been said that Marx stood Hegel on his head,. Did Marx do the same to Classical Economics? Evaluate Marx, the various influences on Marxian theory, also the Classical-Marxian links.
Q3. We said that an uncrowned country club golf course has aspects of public good. Why? Is it still a public good if it becomes crowded also people's games are slowed down?
Suppose that full-employment (and full-capacity) output in an economy is $200. If Ca is $150, lg is $50, Xn is -$10, and G is $30, what will be the macroeconomic result?
Illustrate why the store's short-run equilibrium by plotting demand marginal revenue, average total cost,and marginal costs.
q.you are the manager of a manufacturer that sells protective cases for the samsung galaxy. samsung produces half of
what would be best advice to a person who wants to lean more about political issues. Watch only television news and commentary shows daily.
Suppose that the authorities had effectively prohibited price-gouging and somehow managed to ensure that their action had no effect on the quantity of ice in the area. What would have been the effect on social welfare?
Why do pork also lamb have comapritively high price elasticities of demand compared with the other foodstuffs in the table.
Illustrate what fiscal and monetary policies would you recommend in order to close a recessionary gap. Would you recommend what expansionary polices.
Further assume that they are not able to ‘collude' on price and quantity of premium digital channel subscriptions to sell. How much profit will each firm earn when this market reaches Nash equilibrium.
If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.
Elucidate why a system of marketable polution permits leads to less costly pollution abatement and a higher concentration of polluted areas tha a command - and control system.
1. draw a real expenditures curve on a graph showing a recessionary gap. explain what happens to real gdp when it is
Suppose the MPC is an economy is 0.9. The APC is initially 0.95 and disposable income is $4 billion.
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