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What are expectations, and why are they important in macroeconomic models? What would you think about a macroeconomic model that assumed that people’s expectations of inflation were constant, even though the inflation rate changed over time?
In the Leadership Grid, employees preferred which of the following styles? A. Country club management B. Middle-of-the-road management End of exam C. Authority-compliance management D. Team management
What strategy did Alfredo/Super Sloan develop to given GM a competitive advantage over Ford, was it successful and what were some of GM biggest competitive challenges in 2000s why were they unable to meet them?
To build trust among virtual team members, managers should Deep-six the egos
Given the position of the economy in question one and that full employment GDP = 4000 explain how the following monetary policies would get the economy to full employment GDP A. Open market operations B. Discount rate C. Federal funds rate D. Require..
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. How much should the firm charge for this packa..
When moving up along the production function, the marginal product of capital will:
Because real investment by foreigners expands a country’s capital stock and hence presumably its output and income, why should any country consider restricting foreign investment?
Elucidate the relationship between P > AVC and a firm's contribution margin, when a firms is making a decision to shut down operations.
Assuming that the price level is P = 1, find the equilibrium real output, interest rate, consumption, and investment. Organize your results in the following table. (Hint: You should solve both the goods market and the money market equilibrium.) Now a..
If a firm starts small and, over time, builds successively larger plant sizes or adds additional work space in an office, average total costs are most likely to
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
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