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If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What condition would
Assume that any money lent by a bank is always deposited in a checkable deposit and that the reserve ratio is 10%. The Fed purchases $100 million in Treasury bills. What is the effect on the value o
Which of the following describe the rising distortionary effects of taxes in the economy:
What is the slope of the leakage schedule? Also, if a bank has $5 in vault cash plus $200 in liabilities with a required reserved ratio of .20 and a desired excess reserve ratio of .05 is the $5
Discuss the impact of rational self-interest on each of the following decisions:
When developing short-run cost curves, it is assumed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses. Contrast this to the re
Evaluate whether the spending on each of these projects adds to the burden of government debt over the next ten years.
Define monopoly, and briefly discuss the primary cause (reason for the existence) of a monopoly.
What's the likely bargaining negotiating outcome if the advertisers bargain by telling each newspaper that they're going to reach agreement with the other newspaper, so the gains to reaching agreeme
Explain with the help of a marginal revenue product curve, why an employer might prefer to switch to foreign workers
Explain how the differences between leadership and management affect networking within Kudler Fine Foods. Propose an environment that is supportive of team functioning and learning and that allows fo
Suppose that real consumer spending is 50, and spending on food, transport and leisure is 25, 10 and 5 respectively. Suppose after 10 years real consumer spending doubles to 100. How much do you bel
What are the advantages of using capital in the production process? What is meant by the term "division of labor"? What are the advantages of specialization in the use of human and material resource
What are open-market operations? How are they conducted to fight inflation and recession? Write your answers completely.
Electricity is supplied by electric utilities into wholesale and retail markets for electricity. Identify and explain the various functions performed in the electricity supply sector by several dif
Briefly compare the behaviour of a firm under perfect competition and a monoploy firm
What causes the lags in the effect of monetary and fiscal policy on aggregate demand? What are the implications of these lags for the debate over active versus passive policy?
In the late 1990s a growing number of economist argued that world policymakers were focusing too much on fighting inflation. The economist argued that the technical level of potential output had ri
What are monthly fixed costs, quasi-fixed costs, and variable cost for Exquisite Portraits Inc.? At the end of August, what role would the sunk costs play in the owner/photographer's decision to go ou
Assuming that other interest rates also increased, what effects do you think that move had on investment spending in the economy? Explain your answer. What do you think the Fed's objective was?
As the owner/operator of One-of-a-Kind Gifts (the only gift shop in town), you want to make as much money as you can. Suppose that at your current level of production, you determine that your MR >
Demand increases in constant-cost industry that is initially in long-run competitive equilibrium. After full adjustment, price will be
In the late 1990's a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential outpu
In the late 1990s a growing number of economists argued that world policymakers were focusing too much on fighting inflation. The economists also argued that the technical level of potential output
Dt is the transations demand for money,Dm is the total demand for money,and Sm is the supply of money.if the money market is in equilibrium at 6% and the money supply has increased to Sm3,by how mu