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If you wanted to simultaneously achieve economic growth, reduced inflation, and increased employment would you prefer a) an increase in AD - shift to the right; or b) an increase in AS - shift to the right? Justify your answer by explaining how each of the three conditions would be simultaneously achieved based on the principles related to AD or AS.
q1. besides elections and campaigns do the major political parties influence public values and ideas? do you think
Countries A and B have two factors of production, capital and labour, with which they produce two goods, X and Y. Technology is the same in both countries. X is capital intensive; A is capital abundant.
Consider two firms, located at each end of a street of length 1. There are customers uniformly distributed along this street. Customers incur transportation costs TC = 2x2, where x is the distance they need to travel in order to purchase the product...
qx 100 - 0.4pxqx 40 0.2pxa. at what price level would demand for good x equal zero?b. at what price level would
Assume that oil prices increase. In the short run we observe.Demand pulls inflation.
If interest rates could be deducted from income, would an investor change his/her decision based on question 1.
Explain the basis of one of the Leading Economic Indicators. What local indicators of improved economic conditions might one see in his or her local community, town or city?
Suppose a union that represents some but not all of the employees in an industry is considering a strong push for increased pay for their members during the upcoming contract negotiations. However, they are concerned about the possibility that the co..
Assume which an innovation reduces a industry's fixed costs also reduces cost from ATC to ATC. Before the innovation reduced the cost, the industry's maximum economic profit was
You are to find a media article on tax legislation (passed or pending) and evaluate that legislations's effect on (1)the economy and (2) taxpayers standard of living and (3) taxpayers feeling about this legislation, and (4) the effect of the legislat..
The firm’s constant marginal cost of production is, c = 50. The firm may charge an access fee and per unit price (that the consumers can choose not to pay). What are the profit maximizing access fee and price?
In the short run, the average total cost curve slopes upward because of:
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