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Consider the following Cournot oligopoly:
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
In the medical care sector, the decisions of what services should be produced, how they should be produced, how they should be distributed, and how to allow for growth and innovation must be made. What combination of non-medical and medical goods and..
Look at the figure The Production Possibility Frontiers for Jackson and Tahoe. In autarky, Jackson produces and consumes 30 head of cattle and 80 bushels of wheat, while Tahoe produces and consumes 80 head of cattle and 60 bushels of wheat. With comp..
Can trade and exchange occur within the firm without the exsitence of private property rights? If individual property rights are necessary for econmic success, how might the firm allow property rights? Consider illegal immigration. How would illegal ..
Other things equal what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on equilibrium price leevel and lefe of real output. a. Reduction in the economy's real ..
Reflect upon a time when you worked with an ineffective leader? What made this person unsuccessful?
An auto company can buy transmissions for $400 from one of several suppliers or it can make the equivalent transmission for $420. However, to assure it sells a quality product it has to do incoming inspection on every transmission and the firm’s cost..
What is the effect on East Asia's Willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia's good-growing seasons in food affect the equilibrium international price ratio?
Suppose that beef supply is such that Q = 20 billion lb are produced if the price is P = $2.00/lb, and Q = 24 billion lb are produced if the price is P = $2.30/lb. Using the two quantity-price combinations reported in (3) above, compute the own-price..
Describe the purpose of the training-be sure to describe the skills that basic users should possess upon completion of the training.
The economy begins in long-run equilibrium. Then one day, the president appoints a new chairman of the Federal Reserve. This new chairman is well known for her view that inflation is not a major problem for an economy.
Why may austerity be associated with prolonging an economic downturn?
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