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Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning. Next, how would neoclassical economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning. Which interpretation makes the most sense to you? Why?
Describe how much the consumer plans to spend in each year and how much she borrows or lends in the first year.
Describe how a change in income and/or walth impacts saving and consumption patterns under; 1) the permanent income hypothesis, 2) the life-cycle hypothesis; and 3) Halls random walk Hypothesis
According to the graphical method used in class, figure out how a decrease in government purchases (G) is going to affect the IS curve. Is decrease in government purchases an expansionary fiscal policy or a contractionary fiscal policy? Why?[Hint: Us..
Assume that a country is growing at 5% per year. Now the saving rate decreases leadingto a new lower growth rate of 3.3% per year. How will the change in standard of living over time be impacted by this change in the saving rate and therefore the gro..
Describe the considerations that have to be taken when writing an application designed to drive a database by more than one simultaneous user?
Which of the following is true about a content chunk on a web page?
The 2 major players in the disposable diaper market are Proctor and Gamble (40% of market) and Kimberly Clark (about 35% of the market). Both companies have undertaken costly research and development campaigns to gain a competitive edge- undercutting..
q1. in 2011 company xyz had sales of 345620million net operating profit after taxes of 10250 million and employed 62650
When a purely competitive market is in equilibrium:
Should innovation activities be linked to our efforts to develop a strategic advantage or should innovation efforts be experimental with an objective of finding products or services that may be profitable at some indefinite point?
A normal demand curve is assumed to be downward sloping, identify any four abnormal(exceptional) demand curves
Studies using data prior to 1983 found that increased hospital competition has led to higher rather than lower hospital prices. How do researchers explain that result? What have more recent studies concluded about the relation between competition and..
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