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Write a well constructed double spaced 12 point Times New Roman or Courier New font 4 or 5 page typed essay on the topic below. Go step by step through the topic, and make sure you address all of the questions presented in order. Draw your AD-AS graph legibly on a separate (5th or 6th) page, and label it perfectly. To draft your essay, outline your response first. Write a first draft. Describe the topic and your response to someone else, and inquire about whether it makes sense and flows well. Edit your first draft, taking into account your reviewer's comments. Edit your second draft for grammatical errors, reading from the last sentence up to the first.
Final Exam Essay Topic:
Consider a state of the national economy in which actual output is less than the economy's full employment level of output. Draw an AD-AS graph reflecting such a condition. Is this short run equilibrium sustainable? Why or why not? What policy initiatives would Hayek and Keynes have suggested that national planners implement to cure such a condition. Describe the economic self correcting mechanisms which will direct the economy toward a long run equilibrium. Describe some of the fiscal, monetary and structural policy initiatives national planners might employ to direct the economy toward a long run equilibrium. Add to your AD-AS graph to reflect the effects of such a correction, and identify the eventual long run equilibrium. If national planners were to implement a successful structural policy change which removed legal constraints on technological innovation, what would the expected long run effects be? Add to your AD-AS graph to reflect the effects of such a change.
Analyze the economics of New Orleans in light of the above parameters and develop your own Cost-Benefit Analysis (CBA) for rebuilding
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
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Which of the following is a conclusion of using the generational accounting measure?
Find online the annual 10-K report for Green Mountain Coffee Roasters (GMCR) for its 2012 fiscal year, filed in September 2012. Answer the following questions from the income statement: What were Green Mountain’s revenues for 2012? By what percentage..
For a firm with two variable inputs, X = (KL)1/4; where X is the level of output; while K and L are the inputs of capital and labour, respectively. The rental rate per unit of capital is $4, and the wage rate per unit of labour is $64. Derive the lon..
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Two methods of filling cereal boxes are being compared. Both methods fill the box with the same amount of cereal on average so the company wants to select the method with the lower variance. In a sample of 31 boxes filled using method 1, the standard..
Suppose the airline industry consists of two firms, A and B. These two firms engage in Cournot competition with each other over a certain route for which inverse demand is P(Q) = 1000 − Q with Q = qA + qB. Solve for the Cournot equilibrium price. Sup..
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While drinking coffee, you believe that the marginal benefit of drinking one more cup is greater than the marginal cost of that cup. You then conclude that:
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