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1. What would happen to short- and long-run aggregate supply if unusually good weather let to bumper corps of most agricultural produce?
2. What would help wages from falling quickly in a recession?
3. What is a recessionary gap? Give Example.
4. Why could you say that supply-side economics is really more about after-tax wages and after-tax returns on investment than is about tax rates?
Describe what a manufacturer of each product might do in the short run to raise production.
Suppose that macroeconomics forecasters predict that economy will be expanding in near future. How might managers use this information.
Chemical process that converts hydrogen and oxygen into electricity and waste heat Oxygen from atmosphere, hydrogen from gas, solid hydrogen storage, or from hydrocarbon fuel Produce few emissions. How do we pick best energy alternative.
Given two downward-sloping, linear demand curves, with one showing consumption to be 50 percent greater than the other demand curve at each price, is the demand elasticity the same at any given price?
The government decreases current taxes, while holding government spending in the present and the future constant.
Draw a graph of a market for a firm in a perfectly competitive industry. Indicate the short run profit maximizing quantity and the profits for the firm.
Elucidate and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
Suppose you want to infer expected future exchange rates in a less-developed country that has free-market-determined interest rates but does not have a forward exchange market. Is there any or way of inferring expected future exchange rates. Unde..
Illustrate what is the mechanism by which an aggregate demand recession is transmitted from one country to another.
Explain why a weaker dollar could involve the UK balance of trade deficit.
Elucidate the relationship between P > AVC and a firm's contribution margin, when a firms is making a decision to shut down operations.
If the federal government chooses to increase government expenditures explain the three methods of financing the expenditures in terms of: which is the most expansionary, what are the negative effects of each, and which is the most inflationary.
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