Questions
In the Keynesian model, a decrease in government purchases affects output by 1. decreasing labor supply,...

In the Keynesian model, a decrease in government purchases affects output by

1. decreasing labor supply, because workers feel effectively poorer.


2. decreasing saving to pay for future taxes, lowering the real interest rate and shifting the IS curve to the left.


3. decreasing the real interest rate due to crowding out, reducing aggregate demand.


4.decreasing aggregate demand as national saving declines.

In: Economics

If Sweden isn't Socialist, what is it? How would they each respond?

If Sweden isn't Socialist, what is it? How would they each respond?

In: Economics

Please discuss the important factors in explaining increases in real GDP per capita in the long...

Please discuss the important factors in explaining increases in real GDP per capita in
the long run. Which factor do you think is the most important? Why?

In: Economics

An industry has the market demand of: P= 6300−2Q. The market is served by a large...

An industry has the market demand of: P= 6300−2Q. The market is served by a large collection of firms all with constant marginal costs: MC= 4200
a. what is initial price
b. if one firm was able to innovate and drive their MC=3200, what is price and quantity this firm would choose to set max profits as a monopolist if it had the market to itself?
c. suppose a one firm is able to drive their MC=3200. what is the price and quantity this firm would set? profits? is this innovation large or small?
d. there are a lot of firms in the market and a firm has reduced its costs. what is the output and profits of this innovative firm when practicing first degree price discrimination after MC=3200

In: Economics

To what extent is the course and pace of Canada’s economic history explained by direct and/or...

To what extent is the course and pace of Canada’s economic history explained by direct and/or indirect(portfolio) investment, whether domestic or foreign?

In: Economics

To what extent did the conquestof New France by Britain and thedefeat of Britain by the...

To what extent did the conquestof New France by Britain and thedefeat of Britain by the American Revolutionaries determine the distinctiveness of Canada’s economic development and therole of Indigenous peoples?

In: Economics

What distinguishes the staples theory from the neo-classical growth model?

What distinguishes the staples theory from the neo-classical growth model?

In: Economics

Nestlé has found changes in China a challenge to deal with. Explain why change management is...

Nestlé has found changes in China a challenge to deal with. Explain why change management is important for international business, and what changes in the host country’s environment can affect the company’s overseas operations.

In: Economics

To what extent does the staples theoryexplain the economic development of Canada? Discuss in the context...

To what extent does the staples theoryexplain the economic development of Canada? Discuss in the context of the fur trade, agricultural development and the timbertrade. How might the relationships have changed over time?

In: Economics

To what extent do institutions explain the historyof the relationship betweenIndigenous people and settlers whomigrated to...

To what extent do institutions explain the historyof the relationship betweenIndigenous people and settlers whomigrated to Canada,or who are descended from migrants. What are some of the longer-term economicimpacts of this relationship?How do you think this relationship might inform Canada’s present and future economic development?

In: Economics

List some of the major financial events of the 1990s to illustrate the impact of exchange...

List some of the major financial events of the 1990s to illustrate the impact of exchange rate fluctuations on the economy.

please do some specific answers and show more details. Thanks a lot.

In: Economics

How can inflation affect the distribution of income? Please briefly explain.

How can inflation affect the distribution of income? Please briefly explain.

In: Economics

“Reaching full employment, where everyone who is available for work should be able to find a...

“Reaching full employment, where everyone who is available for work should be able
to find a job, is one of the main economic policy targets for the government.” Please
discuss.

In: Economics

Why did the Venezuelan government seize the whole steel and cement sectors? What about oil? What...

Why did the Venezuelan government seize the whole steel and cement sectors? What about oil? What did Sachs suggest to Hugo Chavez and how would Powell and Lawson respond to that statement?

In: Economics

1:          Establishing private property rights. Provide what could be considered the major argument for and...

1:          Establishing private property rights.

Provide what could be considered the major argument for and against the following statements.

Answer as per Canadian Standards.

10 marks   

In: Economics