5652135000Unit 9 Assignment Refer to the sets of the aggregate demand‚ short-run aggregate supply‚ and long-run aggregate supply curves. Use the graphs to explain the process and steps by which each of the following economic scenarios will shift the economy from one long-run macroeconomic equilibrium to another equilibrium. Under each scenario‚ elaborate the short-run and long-run effects of the shifts in the aggregate demand and aggregate supply curves on the aggregate price level and aggregate output
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whether it changes the short-run aggregate supply‚ long-run aggregate supply‚ or a combination of the two‚ and why. a) Automotive firms in the United States switch to a new technology that raises productivity. Technological change enables firms to produce more from any given amount of facts of production. Therefore‚ technology increases potential GDP. So‚ an increase in potential GDP increases both- long run aggregate supply and short- run aggregate supply. b)Toyota and Honda build additional
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The textile industry in the US took off with Eli Whitney’s invention of the cotton gin in 1793 (http://ocp.hul.harvard.edu). This caused the expansion of the cotton economy (normally slave-based) that could provide raw materials to make the cloth‚ mechanical spinning frames and the development of techniques to catch water power‚ it also gave way to the growth of spinning mills (http://ocp.hul.harvard.edu). Over time and successful competition with British textiles the “Waltham-Lowell system” with
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CHAPTER 9 OLIGOPOLY AND FIRM ARCHITECTURE 1. The demand function for a product sold by an oligopolist is given below: QD = 370 – P The firm’s marginal cost function is given below: MC = 10 + 4Q Calculate the equilibrium price and quantity. Solution: P = 370 – Q so TR = 370Q – Q2 and MR = 370 – 2Q MR = 370 – 2Q = 10 + 4Q = MC so Q = 60 and P = 310 2. The demand function for a product sold by an oligopolist is given below: QD = 135 – 0.5P The firm’s marginal cost function is given
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Major changes came to the textile industry during the 20th century‚ with continuing technological innovations in machinery‚ synthetic fibre‚ logistics‚ and globalization of the business. The business model that had dominated the industry for centuries was to change radically. Cotton and wool producers were not the only source for fibres‚ as chemical companies created new synthetic fibres that had superior qualities for many uses‚ such as rayon‚ invented in 1910‚ and DuPont’s nylon‚ invented in 1935
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CHAPTER – I 1.1 INTRODUCTION GENERAL Man Management is very vital for any organization. This has to be‚ followed by providing necessary infrastructure facilities and Welfare Measure to the employees of the organization. Oxford dictionary defines Labour Welfare as “Efforts to Man Life worth Living for Workman”. It operates to centralize the harmful effects of Large Scale industrialization and urbanization. The Welfare is having two dimensions‚ one in broader sense and other in Narrow sense
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Sources of Water Pollution in Textile Industries Process waste from sizing Chemical processing: - desizing‚ scouring‚ bleaching‚ mercerising‚ dyeing‚ printing and finishing Waste water from rinsing and washing after each step of processing Miscellaneous waste:- Cooling water‚ Boiler blow down‚ floor and machine washing‚ spills and leaks. Sanitary waste and domestic waste. PRACTICAL APPROACH TOWARDS WATER POLLUTION CONTROL Reduction in the water volume. Reduction in the conc. /amount of chemicals
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Middle Eastern Finance and Economics ISSN: 1450-2889 Issue 8 (2010) © EuroJournals Publishing‚ Inc. 2010 http://www.eurojournals.com/MEFE.htm An Analysis of Factors Affecting the Price and Volatility of Coffee Future Returns Anastasios Alexandridis Associate Professor in the Department of Business Administration Technological Education Institute (TEI) of West Macedonia Kila 50100 Kozani‚ Greece E-mail: tasosalexandridis@yahoo.gr Tel: +00306944523644; Fax: + 30 2461 39582 Abstract This paper examines
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Journal has tried to prove that the demand of Apple’s Iphone5 has fallen‚ just because the company cut down the orders of the components used in the manufacturing of the ios device which it outsources. But the fact actually is that apples sale has not fallen‚ and in fact its sale has increased since the launch of the new Iphone5 in October 2012. Analysis- Analysts and speculators have different views about the demand of the Iphone5.Some speculate that the demand of the ios device has decrease
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Chapter 27 Expenditure Multipliers Fixed Prices and Expenditure Plans • • • • • • • • • • • • • • • • Several factors influence consumption expenditure and saving. The most direct influence is disposable income‚ which is real GDP or aggregate income minus net taxes (taxes minus transfer payments). Planned consumption expenditure plus planned saving equals disposable income. The greater the disposable income‚ the greater is consumption expenditure and the greater is saving
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