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What was the relationship between cotton and the slave economy in the antebellum American South? was cotton expansion necessary for the continuation of slavery? Was slavery necessary for the growth of the cotton industry? Explain carefully.
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
Elucidate which of the following theories of expectations holds that individuals usa all information available in forming expectations.
Master Card had a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
1) Identify the combination of workers and capital that will be used. 2) Is the total cost of producing 9 units of output in this way greater than, less than, or same as the cost at point C Support your answer by showing what has happened using L..
Determine the basis of the kinked-demand model? Describe the reason for the gap in oligopolist's marginal-revenue curve. How does this model explain price rigidity in oligopoly.
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
What is the significance of resource pricing Explain how the factors determining resource demand differ from those determining product demands. Explain the meaning and significance of the fact that the demand for a resource is a derived demand.
Illustrate which loan carries the lower effective rate. Consider fees to be the equivalent of other interest.
Discuss the concept of 'instruments and targets' in macroeconomic policy and assess how this concept might be applied to the current policy framework in Australia.
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