Elucidate the overview of Business Cycle
Elucidate the overview of Business Cycle?
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1. The United States’ impressive long run economic growth has been interrupted by periods of instability.
2. Uneven growth has been the pattern, with inflation often accompanying rapid growth, and declines in employment and output during periods of recession and depression.
In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates. Q : Describe unequal burdens of Describe unequal burdens of unemployment exist?
Describe unequal burdens of unemployment exist?
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”
Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
Which of the given is a quality of an oligopolistic market structure? w) There are only some dominant sellers. x) every firm sells a unique product. y) this is easy for new firms to enter the industry. z) Each firm require not react to the actions of
“Natural price” by Adam Smith of a good was eventually determined through: (1) the amount of capital used within production in the short run. (2) long-run average costs of production, that Adam Smith believed to be the amo
Write down the importance of Earnings per share?
Explain how Entrepreneurs are risk-takers?
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