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Why is the long-run aggregate supple curve vertical? Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right?
Legislative bodies impose price controls to help a part of the economy; who benefits and who is harmed by price ceilings and price floors?
Effects on the exchange rate among the British pound and the Japanese yen.
Draw the indifference curves map corresponding to welfare function (1) with the rate of unemployment on the horizontal axis and the inflation rate on the vertical axis.
Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.
Because of the War of the Ring, the price of a sword went up to $150. Calculate new wage and employment level in each sector. (c) Do Hobbits gain or lose if the price of a sword goes up to $150? (To answer the quest..
Using graphs, describe the economic impacts of a tariff on a nation welfare, and show how a tariff would affect the current equilibrium value and quantity and import levels within a market.
Suppose that the black market for Internet providers arises, with internet service providers developing hidden connections. Illustrate the black market for inter access, including the implicit supply schedule, the ceiling price, the black market s..
At which point do you reach equilibrium. Also explain why is that considered equilibrium.
Suppose an economy has the following production function: Y=F(K,L)=K0.4L0.6, Determine the per worker production function.
Explain the advantages and disadvantages of using a change in the tax rate to achieve the desired increase in output.
Write a 5 page economics research paper about 3-4 economists and entrepreneurs.Thinking about writing about Bill Gate the obvious Oprah another obvious and Steve Jobs.
They continue this way until either a) a plan has been approved, or b) only P5 is still alive (in which case he keeps the whole treasure). We'd like to know what happens with the treasure. Before we consider the outcome, there are a few important ..
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