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Use the sticky wage theory of aggregate supply to explain what will happen to output and the price level in the long run. What role does expected price level play in the adjustment?
calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
Please use this discussion board to describe the events that characterized the onset and deepening of the financial market.
q. 1. the article states starting about 1950 the relative returns for schooling rose and they skyrocketed after 1980.
Corporate Strategies are divided to long-term and short-term.
Illustrate what effect will each of the following events have on the current account balance and the exchange rate if the exchange rate is fixed.
A change in input prices shifts the isoquant map. Convex isoquants mean that the marginal rate of technical substitution decreases as the firm substitutes labor for capital. A change in cost shifts the isocost curve.
The total demand for funds curve slopes downward because a rise in the interest rate causes. In the classical view, if government purchases rise (and there is no other fiscal change),
Do you think this pattern of trade is consistent with the principle of comparative advantage?
According to the terms of the contract, the pilots will receive options to buy 14 million shares of the firm's stock over the next 10 years. What impact do you think this new contract will have on Southwest Airlines?
Project ABC requires a $22,382 expense every third year forever, with the first expense occurring at EOY 3. What is the capitalized worth of Project ABC is t=15% annually?
Determine the profit of the Restaurant. If the company were to produce as a perfectly competitive firm, how much would it produce? What price should it charge as a competitive firm?
Explain why would elasticity of demand be important to you in determining the products on which the taxes should be leived.
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