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Is the economy of Nurd in equilibrium? What is Nurd's equilibrium level of income? What is likely to happen in thecoming months if the government takes no action?
Explain why the central bank must be willing to increase the money supply to support lower interest rates in the money market.
Find the price of something in the 1950s-a house, car, gasoline, or something else that interests you. Note the item, the price, and the year.
In the spring and summer of 2010, Congress discussed increased control over the Federal Reserve. Take the position that Congress should have more stringent control over the Fed and explain why.
Define your issue, with a brief summary of the key things that make your issue interesting. What are the key positive and normative questions surrounding your issue?
What is the Profit Maximization rule? Does it apply to all 4 market structures? In which industry structure is Price equal to Marginal Revenue? Why is that not the case in the other 3 market struct
Explain why the deficit described above might affect future economic growth in GDP, labour productivity, and GDP/capita.
The foundation for economic growth and a healthy economic environment. List and define at least two methods of improving Public Management.
List and define the mechanics of capital budgeting as an application of marginal analysis. How does organizational structure and corporate governance affect a corporation?
Discuss how "Game Theory" can be used to improve strategic decision making in competitive situations. How do "Pricing Practices" add value as a practical means
The buffalo would have more feed and not have to compete with the cattle. What has this action to do with regulation and the Coase Theorem?
What would be examples of incentive conflicts between stockholders and executives? (b) Why do incentive conflicts exist between stockholders and executives?
t wholesale level wood flooring is a competitive market. Assume Qs=-10+2p and Qd=320-4p. Find euilibrium price and output before and after imposition of us dollar 9 per unit tax on producer.
Impose a specific tax of t on the monopolist. Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax (approximately).
Indicate the effect that each of the following conditions will have on a firms's variable cost curve and its average cost curve.
Provide a tentative explanation for all of the following four empirical regularities. In most inland European cities, historically the rich have lived on the western side of the city.
If there was no item in the economy widely accepted in return for goods and services, how would transactions is carried out in this economy? How efficient would such a system be?
Do the effects of this event mean there is no short-run tradeoff between inflation and unemployment? Why or why not?
Illustrate the changes in the economy using both aggregate-supply/aggregate demand diagram and a Phillips-curve diagram. What happens to inflation and unemployment in the short run?
"Every point on Ford's long run cost curve corresponds to a point on some short run cost curve, but not every point on one of Ford's short run cost curve corresponds to a point on the long run cost
When a firm produces an output in the least costly way, using labor and capital, MRTSlk=w/r. Does this relationship mean that the firm sets input prices so that the ratio equals MRTSlk?
Suppose the demand for export labor increases by 10,000 jobs. Predict the new equilibrium values for the wage and total employment. Illustrate your answer with a graph.
The CPI increases from 110 to 121 and Manny's nominal income increases from $100,000 to $120,000 over the same period. Manny's real income has increased, decreased or stayed the same?
Explain an inverse realtionship between short-run production and cost functions. Draw a various short-run cost curves (i.e. AVC,MC and ATC) and explain why their are U-shaped.