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Why did economics, as we know it, not exist for many centuries still after Aristotle defined its root 'oeconomica'? Were economic ideas and/or observations present? What were the deficiencies of context present precluding any systematic analysis?
Those who advocate that the Fed target monetary aggregates, usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic conditions, yet those who advocate interest rate targeting never recomme..
The ECON3305 company was considering a price increase and wished to determine the price elasticity of demand
demand can be estimated with experimental data time-series data or cross-section data. in this case cross-section data
identify and describe in detail the four vital functions of money in detail. give real world examples of each of them.
1. a firm uses two variable inputs labor l and raw materials m with typically shaped isoquants. it pays 20 per hour for
One of the partners favors moving downtown because she believes the aditioanl business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move. The other partner at PBS opposes moving downtow..
When the Fed buys government securities in the open market, the money supply ________ because ________. In the quantity theory of money, the assumption that aggregate output is fixed is based on the view that ________.M1 differs from M2 because _____..
Impact of Black-Money inclusion on inflation and money supply? Assumption is government confiscates unaccounted black-money from economy and spend that on projects.
a. it is often suggested that the bank of canada try to reduce the inflation rate to zero. if we assume that
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
a monopolist can earn positive profits in the long run because it has market power allowing it to charge a price that
Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.
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