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a. Briefly explain why the short-run aggregate supply curve slopes upward.
b. What might cause a decrease, i.e. a shift back, in short-run aggregate supply. Give, and explain, at least one cause.
c. Briefly explain at least two factors that could cause an increase in long-run aggregate supply.
question detailidentify two countries of your choice one that has recently experienced relatively strong and robust
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
What are the seven objectives normally listed in respect of a government’s economic policy? What are the effects of these on the economic development of small open economies?
Assume that the banking system has total reserves of $200 billion. Assume also that the reserve ratio is 40 percent and that there is no currency in this economy.
A company must decide whether to buy Machine A or Machine B.Machine A:Initial Cost: 10,000
question 1 - explain the key characteristics of the chinese economy during the mao era- the socio-economic
What is gross about gross domestic product? Could an economy enjoy a constant or growing GDP while not replacing wornout capital?
A What are the assumptions underlying Imperfect Competition B State 2 features of a firm in long run equilibrium in Imperfect Competition that would be common to a firm in long run equilibrium under Monopoly. C Give an example of an industry operat..
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?
Characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry.
Find out the marketplace value of output and household saving. What is the relationship of saving and investment.
Recently, Pacific Cellular ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selected three states that were representative of its entire service area and increased prices by 5% to customers in those a..
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