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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?
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
Review the SPSS output file ("Module 2 SPSS Output") for various ways of summarizing information for discrete (nominal and ordinal variables) and for continuous (interval and ratio) variables. Answer the following questions based on your observ..
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid. At the end of three years,..
The Federal Reserve had to resort to non-standard methods to try to stimulate the economy the last several years in part because:
Suppose that changes in technology cause individuals to demand lower money balances for every nominal interest rate. Suppose the Fed does not adjust the money supply in response. Investigating first the money market and then tracing the effects to th..
An organizational form that is based on direct lines of authority from the top executive to the lowest level of employees is called
Persons or organizations that agree to provide some funds for a new business in exchange for ownership interest or stock are called
A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals is a
The price elasticity of demand for imported mineral water is estimated to be ?0.20 over a wide interval of prices. The federal government decides to raise the import tariff on foreign mineral water, causing its price to rise by 20 percent. Will the q..
What are some of the reasons that the U.S. has greater degrees of income and wealth inequality than other high-income market capitalist economies?
why does a firm in a competitive industry charge the market price?a. if a firm charges less than the market price it
task 1ozark bottled water products inc. hired a marketing consulting firm to perform a test marketing of its new brand
in a command or planned economy the government not the market regulates the factors of production and economic
Changes in real GDP serve as a better measure of the health of the economy than GDP because real GDP measures:
A firm can choose the optimal usage of input to maximize the profit by employing the amount of input where
A product is expected to earn 25,000 at the end of the first year, and to decrease 500 subsequent year. This product is going to be in service five years. The market value at the end of five years is 5,000. At an interest rate of return of 5%,..
what is foreign aid and what is the goal of foreign aid? does foreign aid promote economic development? explain
What proportion of sample means from samples of size n = 16 graduates fall within Â±$3,000 from the population mean? u=48600; o=8100 In repeated sampling of n = 25 graduates, what proportion of sample means would fall within ±$3,000 from the popula..
a justification for job training programs is that they improve worker productivity. suppose that you are asked to
Use supply and demand analysis to show the effect of a (binding) price ceiling in the market for rental properties. What are the possible negative effects due to this price ceiling? What happens to the total surplus (total surplus = consumers’ surplu..
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
select a u. s. company with global operations.discuss the firms activities outside the u.s.identify which economic
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