Q: Catalogue companies are committed to selling at the prices printed in their
Catalogue companies are committed to selling at the prices printed in their catalogues. If a catalogue company finds its inventory of sweaters rising, what does that tell you about the demand for swea...
See AnswerQ: Are all prices in the economy equally inflexible? Which ones show
Are all prices in the economy equally inflexible? Which ones show large amounts of short-run flexibility? Which ones show a great deal of inflexibility even over months and years?
See AnswerQ: Why do many firms strive to maintain stable prices?
Why do many firms strive to maintain stable prices?
See AnswerQ: Do prices tend to become more or less flexible as time passes
Do prices tend to become more or less flexible as time passes? If there is a trend, how does it affect macroeconomists’ choice of models?
See AnswerQ: Frank spends $75 on 10 magazines and 25 newspapers. The
Frank spends $75 on 10 magazines and 25 newspapers. The magazines cost $5 each and the newspapers cost $2.50 each. Suppose that his MU from the final magazine is 10 utils while his MU from the final...
See AnswerQ: How do the Minsky and Austrian explanations for the causes of the
How do the Minsky and Austrian explanations for the causes of the Great Recession differ? Explain how the proponents of government stimulus believe that it will affect aggregate demand and employment...
See AnswerQ: What are the four phases of the business cycle? How long
What are the four phases of the business cycle? How long do business cycles last? Why does the business cycle affect output and employment in capital goods industries and consumer durable goods indust...
See AnswerQ: How, in general, can a financial crisis lead to a
How, in general, can a financial crisis lead to a recession? How, in general, can a major new invention lead to an expansion?
See AnswerQ: How is the labor force defined and who measures it? How
How is the labor force defined and who measures it? How is the unemployment rate calculated? Does an increase in the unemployment rate necessarily mean a decline in the size of the labor force? Why is...
See AnswerQ: How, in general, do unemployment rates vary by race and
How, in general, do unemployment rates vary by race and ethnicity, gender, occupation, and education? Why does the average length of time people are unemployed rise during a recession?
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