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Do you think it is more appropriate to characterize to shape of the Short Run Aggregate Supply Curve as vertical or as upward sloping? Why? Discuss in detail, being as specific as possible.
Electric cars: Now consider the invention of cheap electric vehicles. Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?
What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making
Compute the range of demand for which each location has a cost advantage. Which plant location is best if demand is 30,000 units?
Twenty years ago you took out a $200,000 loan. The details of the loan called for uniform payments to occur every month for thirty years. Interest rates have dropped significantly, and you have decided to refinance the loan. If the original loan inte..
Illustrate what is the 95% confidence interval estimate of the population mean examination score if a sample of 200 applications provided a sample mean of Xbar=935
The Russian air force is being called on this year to intercept storms advancing on Moscow and to seed them with dry ice and silver iodine particles. The idea is to make the snow drop on villages in the countryside instead of piling up in Moscow.The ..
The Quantity Equation MV = PY can be expressed as follows: (Growth Rate in the Money Supply) + (Percentage Change in Velocity) = (Inflation Rate) + (Growth Rate of Real GDP) Given this fact, suppose money velocity falls by 50% because individuals and..
Implications for juvenile females and members of ethnic and racial minorities.
The Asian version of Maslow’s needs hierarchy says that things like Status and Admiration are at the top of the pyramid. Can Hofstede's dimensions be useful in analyzing this? If so, (of course they can!!), which ones, and why?
Plot the consumption function C = 150 + 0.7Y. Assuming no government sector, if planned investment spending is 250 billion dollars, what is the equilibrium level of aggregate output? Explain in full sentences, and show this equilibrium level of outpu..
Read the article "The World's next great leap forward. Towards the end of poverty." Then answer the questions below. According to the article, how is poverty reduction achieved? In other words, what is the source of poverty reduction? What will happe..
Jamaica is a small open economy that has a trade surplus. Use savings/investment diagrams to answer the following: Suppose the Government of Jamaica decides to raise taxes. How will the equilibrium amount of savings, investment, and trade balance be ..
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