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Several cities are associated with specific industries: Akron with tires, Sunnyvale with computer chips, Orlando with tourism, Hollywood with movies. Why do such centers emerge?
suppose central bank observes directly aggregate demand shocks or fully anticipates them. formulate a monetary policy
demand for potatoes is given by qd 10 ?? 9p with q measured in tons. the supply of potatoes is given by qs p2.a show
Make a schedule showing total product, average product of labor, and marginal product of labor using a range of labor inputs
Find the rejection region. - Compute the power of the test for each of the two hypotheses θ = 0.6 and θ = 0.8.
What is the first action you would take as the president -As the chairman of the Fed - What would be your subsequent steps and make sure you include both the positive and negative effects of your actions, and include the trade-offs or opportunity cos..
What are the financial markets and what purposes do they serve and what are financial intermediaries? How do these intermediaries function in the economy?
What is the difference between supply-side and demand-side economics? How do the above concepts fit into these definitions? Which do you agree with most as a solution to stimulating growth, and why?
Measured as the long-term growth of potential GDP, how has economic growth in the United States changed over the decades since 1962? There was a slowdown in growth-when was it and what is it called?What is the difference between real GDP and nominal ..
Compute the price-cost margin for every firm and indicate which has more pricing power and why.
When do firms A and B exit in the unique subgame perfect equilibrium? (Hint: First establish at what time t profits turn negative as a function of the remaining firms, and then argue with generalized backward induction)
Read the description of the ultimatum game experiment in Section 13.6. How would you play if you were a subject in this experiment? What kind of offers would you make?
Explain why does the government support public education when the private sector also provides this service and describe why labor productivity is important but not the only key to improvement in living standards.
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