What is the most important economic principle you learned from the course? How did this information improve your understanding of macroeconomics, and what is its application in the macroeconomic environment?
This is the Essay prepared in the attached files and there is the remarks of the professor regarding the paper written. Can it be fixed according to the instruction.
Frank and Nancy met at a sorority party. They agreed to meet for a date at a local bar the next week. Regrettably, they were so fraught with passion that they forgot to agree on which bar would be the site of their rendezvous. Luckily, the town has only two bars, Rizotti’s and the Oasis. Having discussed their tastes in bars at the party, both […]
MACRO PLEASE REWORD THIS DOCUMENT ATTACHED!!! IN YOUR OWN WORDS PLEASE
With capital K and labor L input, there are five production functions in the following: I. Q = L+K II. Q = III. Q = L*K IV. Q = V. Q = a. Which function(s) exhibit the constant returns to scale? b. Which function(s) exhibit the increasing returns to scale? c. Which function(s) exhibit the decreasing returns to scale?
microeconomic In the 1970s in the United States, the inflation rate and the natural rate of unemployment both rose. Let’s use this model of time inconsistency to examine this phenomenon. Assume that policy is discretionary.
The list of foreign companies manufacturing cars in the US is impressive. It includes; Honda, Toyota, Nissan, Fuji (Subaru), Volkswagen, Hyundai, Kia, BMW, Daimler (Mercedes), and Volvo. Each represents FDI in the US by that foreign company. One of the theories that attempts to explain why FDI occurs is called Market Imperfections Theory, and it is based upon two possible imperfections, Trade Barriers and/or Specialized […]
Suppose there are two countries, the U.S. and Mexico. Before immigration, wages are higher in the U.S. Both countries produce the manufactured good using labor and capital, and the agricultural good using labor and land (i.e. labor is mobile, but land and capital are specific factors). Assume that there is no change in the prices of the manufactured and agricultural goods, and there is no […]
Discuss the following statements: Without money, everything would become more expensive. In countries such as Zimbabwe, which had problems with high inflation, the increased use of another country’s currency (such as the U.S. dollar or South African rand) became common. Why do you suppose this occurred? Make sure you use the readings to support your discussion and don’t forget to cite and list your sources. […]
1. Suppose an earthquake destroys part of a nation’s capital stock, but does not kill off any people. Use the Solow model without technological change to describe the effect of this event on the country’s total output and its per capita output over time. Assume prior to this event the economy was on its steady state path. 2. Suppose a war destroys part of a […]
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