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What is the final impact of contractionary fiscal policy on the price-level and real output?
What is the current business cycle situation in the U.S. today (Fall 2009)? Discuss each sector of aggregate demand (C+I+G+X), interest rates, and inflation.
What major advantages of corporations have given rise to their dominance as form of business organization?
Draw the payoff matrix for the possible one- shot (non repetitive) outcomes using game theory. What are the assumptions underlying each outcome.
Derive the LM curve by one of the standard methods used in Macroeconomics. Be sure to label all axis and curves on your graph. Explain in writing to what your derivation brings equilibrium and how i
Calculate the velocity of money when the price level is 10, the national quantity of output is $200 billion, and the money supply is $250 billion
Identify and briefly explain the key macroeconomic issues that stand out as important to consider in the business decisions?
When firms in a perfectly competitive market face the same costs, in the long run they must be operating:
Provide an example for each about decision-making, interaction, and the workings of the economy. Explain how that influences the marginal benefits and marginal costs associated with the decision to pu
Your answers must employ the determinants of demand and the determinants of supply, the determinant of quantity-demanded, the characteristics of Price Elasticity of Demand and the effect of Price el
Assume that the following data describe the condition of the banking system:
What are the characteristics of large firms conducting bot B2B and B2C transactions that require more robust and capable electronic commerce systems?
On the night before the firm announces the expansion plan at a press conference, you are sitting in your home office reflecting on what you have learned about the process over the last several weeks
In long-run equilibrium, P=minimum ATC=MC. Of what significance for economic efficiency is the equally of P and minimum ATC? The equality of P and MC? Distinguish between productive efficeincy and
Use both isoquant analysis and one of the graphs showing the quantity of labor and wage rates from question 8 to show what can be expected to happen to the quantity of labor hired if the minimum wa
What are the short- and long-term economic benefits and costs associated with our current high federal government budget deficits? Do you think the economic benefits outweigh the economic costs, or
Discuss the rationale behind arriving at figures for the natural rate of unemployment, stable prices, and sustainable economic growth.
Determine whether each of the following is an example of the automatic fiscal stabilizer. As the economy starts to recover from a recession & more people go back to work, government-funded unempl
Plot the production possibilities data for each of the two countries separately. Referring to your graphs, answer the following:
Give two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand ca
The X-Corporation produces a good (Called X) that is a normal good. Its competitor, Y-Corp makes a substitute good that it markets under the name "Y." Good Y is an inferior good.
assume the equilibrium price in a perfectly competitive market is $100 and within this market,a typical firms total cost curve is summarised as C(Q)=$1000+10Q+0.5Q. Find the expected profit maximizi
This work is often contracted out to office maintenance firms, and both technology and labor requirements are very basic. Supply and demand conditions in this perfectly competitive service market i
Describe a market for a good or service that is an oligopoly. How does the structure of this market affect the firms' decision-making?
The government steps in and levies a unit tax of 10 on this commodity. What is the revenue raised by the government through this tax.