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Increases in productivity due to the large scale adoption of information technology will:
cause the price level to rise.
increase the short run supply, but not the long run supply.
impact short-run aggregate supply, but not long-run aggregate supply.
increase both the short run and long-run aggregate supply.
impact aggregate demand, but not aggregate supply.
What is the SAP (structural adjustment program) What are the IMF-imposed "conditionalities" Why did the IMF and World Bank imposed them upon Third Worldcountries during both their debt crises and financial crises
What is the future worth of a series of equal monthly payments of $5,000 if the series extends over a period of six years at 9% interest compounded?
Define carefully the difference between movements along the AD curve and shifts of the AD curve. Explain why an increase in potential output would shift out the AS curve and lead to a movement along the AD curve. What would be the effect of a decreas..
A sudden crash in the stock market shifts
do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
Most economists A. apply the assumption that people behave as if they act rationally with an aim to maximize utility. B. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize utility. C. rely on see..
we dot know whether the total quantity of Internet ads will increase or decrease. Is the students analysis correct? Illustrate your answer with a demand and supply graph.
Three individuals each hold a ticket for a lottery that will pay $100 with probability 0.2 and $10 with probability 0.8. Their utility functions for the monetary amount x may be described as follows: Tom: u(x)=0.002x2+x Jim: u(x)=log10(x) Janet: u(x)..
Discuss the positive aspects of globalization, and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address the pros and cons of outsourcing in your response.
Explain is any outcome generated by a Nash equilibrium not generated by any subgame perfect equilibrium.
q1. suppose the number of employed people in an economy is 121166640. the unemployment rate in this economy is 10.4
Does the Tragedy of the Commons apply to real life? (At the beginning of every example, explicitly state: what is the commons and what is the tragedy.) If not, explain why not and give two examples. If so, cite two examples of where and how it applie..
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