Short-run model

Suppose we have the following short-run model. Resource constrain is Yt = Ct + It + Gt + EXt − IMt Where Yt is economy output, Ct is consumption. It is investment. Gt is government purchase. EXt is exports. IMt is imports. Government purchase depends on the current...

Why do oligopolies exist?

  Why do oligopolies exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition  

Why money has a time value.

    Explain why money has a time value. Explain how the time value of money (TVM) might possibly impact your life now or in the future. Give an example, from your own experiences if possible, to support your explanation.  

Stock prices

      Determine whether stock prices are affected more by long-term or short-term performance. Provide an example of the effect that supports your claim.        

Whole societies face tradeoffs

  One of the lessons of economics is that “there is no such thing as a free lunch.” This means that businesses, consumers, and whole societies face tradeoffs whenever they make a decision. Please draw on your own experiences to discuss the following 3...