Suppose the economy consists of

  1. Suppose there is a family in which all the boys are expected to become farmers when they are adults, just as their fathers and
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  2. "The natural rate of unemployment is independent of the conduct of monetary policy" Evaluate this statement (5 Marks)Suppose
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  3. Suppose the economy consists of two types of firms: Type A firms which produce output using a technology Qa=Min(K,1/2L) and Type
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  4. Suppose the economy consists of two types of firms: Type A firms which produce output using a technology Qa=Min(K,1/2L) and Type
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  5. Suppose the economy is initially in long-run equilibrium. Then suppose there is a drought that destroys much of the wheat crop.
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  6. suppose a competitive market consists of identical firms with a constant long run marginal cost of $10. Suppose the demand curve
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  7. Suppose the United States has serious economic problems. How would this most likely affect the world economy?(1 point)Responses
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  8. Question Suppose the United States has serious economic problems. How would this most likely affect the world economy?(1 point)
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  9. Suppose the United States has serious economic problems. How would this most likely affect the world economy?(1 point) Responses
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  10. The South African economy can BEST be described as aResponses Acommand economy. command economy. Btraditional economy.
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