Economics

Economic  Problem: outline the major shortcomings of real business cycle theory as a framework for understanding short-run economic fluctuations ,how does the ‘canonical New Keynesian model’ seek to address these shortcomings?

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Economic  Problem Outline the major shortcomings of Real Business Cycle theory as a framework for understanding short-run economic fluctuations , How does the ‘canonical New Keynesian model’ seek to address these shortcomings? Word limit; 750 +10% (word limit excludes the list of references; use the Harvard system of referencing for this question).

Concep Test: draw an aggregate expenditure function, which will represent the US economy. Label the initial equilibrium as point A.

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Concep Test In early 2017, the Trump administration instituted the Tax Cuts and Jobs Act (TCJA) which lowered taxes on both individuals and businesses.Discuss this policy below. Assuming the US was producing at the full-employment level of output, also known as potential GDP (YP). Draw an aggregate expenditure function, which will represent the US economy. … Read more

Solve for the allocation of labor which would equate WC = WE, solve for the equilibrium weekly wage rate, and show your results on a labor allocation diagram.

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Consider the labor allocation problem for the specific factors model in the medium run. Assume that PC = $120, PE = $60, MPLC = 500 – LC/10, MPLE = 400 – LE/20, and LC + LE = 4000 persons per week. Solve for the allocation of labor which would equate WC = WE, solve for the equilibrium weekly wage rate, and show your results on a labor allocation diagram. Using the area … Read more

Does international trade cause faster economic growth and higher per-capita incomes, is it the other was around, or is there no significant correlation?

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Does international trade cause faster economic growth and higher per-capita incomes, is it the other was around, or is there no significant correlation? What are the main arguments for and against the causal connection between international trade, per-capita income, and economic growth? What does the research on the actual evidence, e.g., the meta-analysis by Lewer … Read more

Use an Edgeworth allocation box, with chemical production in the southwest origin and labor on the horizontal axis, to show that unless the isoquants are tangent and explain what this means in economic terms that any allocation is not Pareto optimal.

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Consider a standard Heckscher-Ohlin model of trade between the United States and the European Union, in which the only resources are capital (K) and labor (L), and the only goods are chemicals (C) and electronics (E), both produced under perfect competition, with constant returns to scale, diminishing marginal returns, identical technologies, and identical preferences, and … Read more

Discuss how your firm ensures that the market structure remains an oligopoly.

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Six firms own 90% of US mass media and news outlets – Walt Disney, Time Warner, ViacomCBS, NBC Universal, and News Corporation. Using one of these six firms, demonstrate the application of game theory to the way in which your firm manages its market position relative to the other 5 firms. In your initial thread, … Read more

Identify those factors which can contribute to the creation and maintenance of a monopoly position by a firm under the circumstances identified in this article.

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Examine the potential to create monopolies through the intervention of government policy in an attempt to influence the rapid creation of a COVID-19 Vaccine. The New Republic article, “How to Break a Big Pharma Monopoly on a Covid-19 Vaccine” by Alexander Zaitchik (New Republic, August 24, 2020), reviews the impact that government policy can have … Read more

 Discuss about the United States National Debt and it’s relevance in terms of the economy.

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United States National Debt Discuss about the United States National Debt and it’s relevance in terms of the economy. Paper must be atleast 1000 words ,double spaced,Times New Roman Font APA citation format .Atleast 5 references (APA Format) .Paper should include an introduction ,body ,and conclusion