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What is the difference between anticipated and unanticipated inflation? How do they differ in their effects on economic agents? Does inflation have no effects on the economy if it is anticipated? Explain.
1. Describe the four types of unemployment. How do the four types differ in their effects on the economy and on the unemployed?
2. what is meant by industrial policy? Discuss the strengths and weaknesses of an industrial policy
3. What is meant by "quality (of capital) per worker"? How does improvement in the quality of capital affect economic growth?
4. Explain how the law of diminishing marginal returns is related to the per-worker production function
Why was/were the firm(s) investigated for antitrust behaviour? Identify some of the costs (pecuniary and non pecuniary) associated with the antitrust behaviour (firms having power in the market). Additionally, note the specific antitrust act (Clayton..
Describe the rise or fall in the equilibrium price and quantity and Describe the factors that may have caused the supply or demand curve to shift to the left or right.
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
Does the fact that your bank keeps only a fraction of your account balance in reserve make you uncomfortable Why don't people rush to the bank and retrieve their money What would happen if they did
suppose you earn 14 an hour and every day you go to lunch at your favorite restaurant cafeacute excel where you spend
You know that the water park will increase the traffic flow in the streets around the water park. There are both businesses and neighborhoods adjacent to the increased traffic flow.
Absolute Purchasing Power Parity has not found consistent empirical support. List and describe three reasons why this might be the case. Would you expect that the same reasons given in part “A” to apply to relative PPP? Why or why not? Explain.
Analyze the impact of the civilian labor force. How would your participation in the civilian labor force be affected if you joined the armed services?
In other words, does it matter whether the deficit is caused by lower taxes, increased defense spending, more job-training programs, and so on In your analysis, what role do fiscal and monetary policies have to lead to higher
You are the manager of a monopolistically competitive firm. The inverse demand curve you face is P = 50 – 4Q. Your cost function is C(Q) = 10 + 2Q. What level of output should you produce to maximize profits? What is your profit and what will happen ..
If there is a constitutional requirement to maintain a balanced budget, then during a recession when tax revenues are shrinking, the government will have to implement
The profitability of the leading cola syrup manufacturers, PepsiCo and Coca Cola, and of the bottlers in the cola business is different. PepsiCo and Coca Cola enjoy 81 operating profit as a percentage of sales; bottlers experience only 15 operatin..
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