What
is meant by the costs and benefits of advocacy? Explain in detail.
Select a specific current US problem that may cause social workers
to act as advocates today, and explain what the costs and benefits
of advocating for that particular cause might be.
The kinked demand curve describes price rigidity. Explain how
the models works. What are its limitations? Why does price rigidity
occur in Oligopolistic markets? Carefully Explain.
How
does the demand curve faced by a monopolistic competitive firm look
like? Explain why it is sloped this way, and what this implies
about the relationship that exists between price and marginal
revenue under monopolistic competition.
Explain in detail why the aggregate demand curve slopes downward
in the standard IS-LM model. Then explain why the Long-run
Aggregate Supply Curve is vertical.