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Evaluate the following statement: "when the economy is in equilibrium in the ws- ps model, there is only voluntary unemployment, because no agent has an incentive to change their behavior"
It is unclear to a economic novice like me why OPEC is not cutting down production and raising oil prices. I have read several journalists commenting upon this on the internet but perhaps an economist can explain this current fact better.
Describe the makeup of food service industry in canada. What is the size in sales dollar of the food service industry in canada? How had the industry been trending over the last several years? Explain with numbers and cited facts please give the refe..
What is meant by budget deficit? What are the different ways it can be financed? Is the national debt a problem? Discuss
Explain in detail why it is important that prices are flexible in our economy? What are the implications if the government started to control prices for products, how would this influence buying?
Below are three parcels of real property A, B and C. B wants to have a built-in swimming pool installed in his backyard. In order to run the water line directly from the main in the street to the site, the line must run over his neighbor’s property. ..
The market for authentic poutine in Vancouver is controlled by two shops, PierrePoutine (i = P) and Mean Poutine (i = M). The market demand is given by p = 12−q, where p is the price, and q is aggregate output. Both shops produce at constant marginal..
Consumption per worker is 72, depreciation is 12.5%, and capital per worker is 64. Given the production function y = 20 , show that this economy is in a steady state.
In 2008 the Federal Reserve took pretty extraordinary measures in an attempt to stabilize the economy. What will the inflation rate be? How low can the Federal Reserve lower the Real interest rate*? How much output is recovered? Is it enough to push ..
You won a free ticket to see a Bruce Springsteen concert ( assuming the ticket has no resale value) U2 has a concert the same night, and this represents you next best alternative activity. Tickets to the U2 concert cost $80, and on any particular day..
Discuss why it is important to evaluate processes within an organization using flowcharting and performance metrics.
In macroeconomics from williamson (4th edition) in chapter 11, it says that demand for credit is R=q (totally elastic), but in williamsons notation, R is in nominal terms and q in real terms. Isnt that mistaken? Shouldn’t it be r=q? (r=real interest ..
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
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