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How did the United States transform economically between the War of 1812 and the Civil War?
Please answer between 200 and 300 words.
Discuss how each of the following sources of real business cycles would effect the economy:
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 4%, the growth rate of the velocity of money is 9% and that the real economic growth rate i..
Show where or not above production function exhibits diminishing marginal productivity of labour. Determine nature of Return to Scale as exhibited by above production function.
determined the point price elasticity of demand at P=$3. What is the new point price elasticity if price is raised to P=$4.50? Comment on the change in elasticity
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
Assume the world has only the U.S. and Germany, and that trade between them is balanced such that neither runs a trade deficit nor surplus. If exchange rates now change such that the U.S. dollar becomes more expensive for Germans to buy (and all else..
If Jerry Schuster changed the name of the business but still used the tools and equipment he inherited from his father, how would that impact your analysis of this case?
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function.
q.the new york times reported that the inability of opec to agree last week to cut production has sent the oil market
Cost-Curve Shifters The following graph shows the average total cost curve, average variable cost curve, and average fixed cost curve for Hilary's Pizza Parlor when the retail price Hilary pays for pepperoni, including sales tax, is $7 per pound.
Explain why a weaker dollar could involve the UK balance of trade deficit.
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
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