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Classical economists assumed that wage rates, prices, and interest rates were flexible and would adjust quickly. Consider an extreme case: Suppose classical economists believed wage rates, prices, and interest rates would adjust instantaneously. What would this imply the classical aggregate supply (AS) curve would look like?
What is meant by a ?xed effects model (FEM)? Since panel data have both time and space dimensions, how does FEM allow for both dimensions?
Suppose that the supply of fossil fuels like coal and petroleum will become more and more scarce in the next fifty year.
What are your future plans? Do you think learning economics will play an important role in achieving your goals in the near future? Briefly discuss.
suppose you are a monopolist operating two plants at different locations. both plants produce the same product q1 is
In the town of Woodland, California, there are many dentists but only one eye doctor. Are senior citizens more likely to be offered discount prices for dental exams or for eye exams? Why?
Cite examples of privatized services that were traditionally under the purview of federal, state, or local government.NEEDS TO BE minimum of 250 words following APA format with at least one credible reference
a normal demand curve is downwards identify four abnormal exceptional demand
Suppose that the level of frictional unemployment is 2 percent, the level of structural unemployment is 3 percent, and the level of cyclical unemployment is 3 percent. Using Okun's Law, we can determine that real GDP in this economy is
Define protectionist policies and describe how the imposed restrictions work and analyze the impact of such policies. Find three public policies framed by the government that have posed restrictions on international trade.
Amityville has a competitive chocolate industry with supply curve Ps =440+Q. While market demand for chocolate is Pd=1200-Q, there are external profits that the citizens of Amityville derive from having
1 examine the history of immigration to the united states from the cape verde islands. how did the immigration to the
What is absolute advantage What is comparative advantage Is itpossible for a country to have a comparative advantage in producinga good without also having an absolute advantage
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