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(1) why does the slope of the aggregate supply curve change from the short run to the long run?
(2) What are the differences between classical theory and what Keynes believed?
Explain how you would determine the maximum amount you are willing to spend to fight the case, assuming that you will win if you fight
compute the marginal products associated with K, L, F. Illustrate what is American's MRTS between K and L.
What will happen to real GDP and to the amount of labor employed, aggregate consumption, and aggregate savings? Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
We use percent-changes in the formula for estimating the price elasticity of demand coefficient in order to:
Leann just sold a $10,000 par value bond for $9,800. The bond interest rate was 4 % per year payable quarterly. Leann owned the bond for 3 years. The 1st interest payment she received was 3 months after she bought the bond. She sold it immediately af..
Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to
What is Wirelesses' producer surplus from sales for each low-demand as well as consumer.
q.you are the owner of a fast food restaurant. given a new item that you recently advertised you experience additional
Converse why an organization in an uncertain environment requires more horizontal relationships than one in a certain environment
Which of these types of firms can earn a positive economic profit in the long run.
You read in a business magazine that computer firms are reaping high profits. Assume that the computer market is perfectly competitive.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
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