Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
Use the Associated Press Website and do an article summary review about any article that relates to Principles of Microeconomics-Monopoly.
Bank Deposits Explain the differences among checkable deposits, savings deposits, and time deposits.
Though not discussed in the text, Fannie Mae and Freddie Mac played important roles in 2008 financial crisis. What does the Overview says about these agencies?
Incentive Problems and the Financial Crisis of 2008 What incentives motivated the behaviors that caused the financial crisis of 2008?
Case Study: The Hassle of Small Change. What are three possible solutions to the problem that the penny now costs more to produce than it's worth in exchange?
Bank Deregulation Some economists argue that deregulating the interest rates that could be paid on deposits. On what basis do they make such an argument?
Explain why Robert Barro argues that if parents are concerned enough about the future welfare of their children, the effects of deficit spending?
Distinguish between beneficial and adverse supply shocks. Do such shocks affect the short-run aggregate supply curve, long-run aggregate supply curve, or both?
Why is the long-run aggregate supply curve located at this output rather than below or above potential output?
Long-Run Adjustment In the long run, why does an actual price level that exceeds the expected price level lead to changes in the nominal wage?
What are some explanations for the coordination failures that prevent workers and employers from reaching agreements?
Output Gaps and Wage Flexibility What are some reasons why nominal wages may not fall during a recessionary gap?
Recessionary Gap What does a recessionary gap imply about the actual rate of unemployment relative to the natural rate?
Discuss some instances in your life when your actual production for short periods exceeded what you considered your potential production.
Potential Output Define the economy's potential output. What factors help determine potential output?
Short-Run Aggregate Supply In the short run, prices may rise faster than costs. How would such adjustments affect the slope of the aggregate supply curve?
Supply Shocks Give an example of an adverse supply shock and illustrate graphically. Now do the same for a beneficial supply shock.
List three factors that can change the economy's potential output. What is the impact of shifts of the aggregate demand curve on potential output?
Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles?
What problems would you expect if the country were to employ this kind of budgetary philosophy?
Shifts in the PPF Terrorist attacks foster instability and may affect productivity over the short. Explain your response and show any movements in the PPF.
How do you think you might measure the net impact of technological change on overall employment and GDP in the United States?
How much each will be producing per hour 100 years later. What do your results tell you about the effects of small differences in productivity growth rates?
With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period affects the PPF in the next period.
How would you explain the finding that people in high-income economies seem happier than people in low-income economies, but, over generations.