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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 ha
Hasbro is approached by a savvy economist who has figured out a way to identify each market and segregate them. The demand from bronies and little girls is as indicated above.
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
Discuss its implications and assess its importance for macroeconomic policy.
Why did the prices of the other items change? What is the probable impact of the change of other items in the CPI basket?
What is the “Fiscal Cliff”? What effect will the “Fiscal Cliff” have on the economy in the short run? Explain and illustrateusing the Aggregate Supply –Aggregate Demand m
How Indonesia has adjusted to the period of a G-Zero World (i.e., instability and public spending cuts) and the Beijing Consensus; how developed is the country in regard to the concepts of competitive
To what effect (income or substitution) do you attribute the change in utility levels between part a and part b?
What would happen to the short-run equilibrium price and quantity of magnesium if a major (economically large) magnesium mine had to close due to environmental regulation? Assume the supply is elastic
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firms likely use for each type of good and why?
Show how a monopoly firm (industry) behaves in short run (using any practical example: emphasize on output, price and average cost).
Find (algebraically) consumer’sAutility maximizing (optimal) combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.
The student will chose a country and a MDG goal and write a 25 page (single spaced) evaluation of the countries efforts and progress in meeting this goal. Projects will be modeled after a profes
Suppose that Total Revenue = 100Q and Total Cost = 30 + 50Q where Q, the quantity sold, is a random variable with expected value 20 and variance 4.
If the economy were experiencing high rates of unemployment and low inflation, the appropriate monetary policy strategy would most likely be: a. to have the Fed sell securities on the open market.
Describe the factors that impact the supply of the GAP Inc main products/services.Describe the value chain of the GAP Inc main products/services.
Government regulation is, at times, a result of market failure. The marketplace can often create efficiencies naturally through supply and demand. Unfortunately gaps of inefficiencies result in market
Why do we see cigarette butts and other trash by the side of the road and often by the end of an interstate exit ramp? In other words, consider why we see litter where we see it as well as where we do
Which of the following is an example of fiscal policy being used in the US?
Wonder bread is a normal good produced by the Wonder Bakery. Using clearly labeled Demand and Supply curves, show what will happen to the equilibrium price and quantity of Wonder bread in each of the
Suppose that instead of allowing the economy to proceed from the short-run to the long-run equilibrium, the government decides to maintain Y = Y2. Would the economy remain at point B? Explain your ans
Which, if any, of the following changes is likely to cause reported GDP (real and nominal) to increase when, in fact, total economic production is little changed?
What quantity, Q, should Banana Republic order, and what price P should it expect to charge? Illustrate the situation in a carefully labeled diagram, including the graphs of demand, marginal cost, mar
If the Fed's policy continued for several years, what would you expect to eventually happen to the economy? Explain while describing the shifts in aggregate supply and demand.