Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

We know from learning about Aggregate Supply and Demand that during recessionary times the tendancies of our leaders will be to try to increase our Aggregate Demand - the thought being that the more we demand, the more businesses will produce and thus the need for more workers. As unemployment declines, we see that GDP rises and we come out of the recessionary period.

HOWEVER, sometimes our economy is inefficient (or companies are "fat") and during the expansion after a trough a company may be leaner and not have to hire back many of it's workers. Businesses have also moved much of the manual labor overseas in an attempt to cut costs, and Technology advancements can lead to job losses for those who are behind while creating jobs for those who keep up with technological advancements.

1. (200 Words minimum) Do you believe that technology will help the United States return to economic prosperity? If so, what specific types of technology would you encourage investment in if you were the President of the United States?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91828488

Have any Question?


Related Questions in Business Economics

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

Some farm land is more productive than other land in the

Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...

How could advertising be a barrier to entry could

How could advertising be a barrier to entry? Could advertising reduce barriers to entry for a new product? Presumably drug companies are trying to differentiate their products from the competition. Will consumers be bett ...

Three mutually exclusive new designs for an aircraft engine

Three mutually exclusive new designs for an aircraft engine are under consideration. The engine has a ten-year life. The first engine incurs a cost of $1.2 million for a net saving of $300,000 per annum as compared to an ...

Think about anbsppopulation meannbspthat you may be

Think about a population mean that you may be interested in and propose a hypothesis test problem for this parameter. Gather appropriate data and post your problem and solution in the discussion topic. For example, you m ...

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

Briefly explain the meaning of the t-test for regression

Briefly explain the meaning of the t-test for regression analysis. How can the "rule of two" be used to evaluate t-ratios?

Assume the following probabilitiespcustomer makes a

Assume the following probabilities: P(Customer makes a purchase) = 0.500 P(Customer does not make a purchase) = 1- 0.500 Compute the probability that both customers purchase (# purchases = 2), and enter your answer with ...

A jewerly store paid a unit price of 250 less 40 16 8 for

A jewerly store paid a unit price of $250 less 40%, 16% , 8% for a shipment of designer watches. the store's overhead expenses are 65% of cost and the required profit is 55% of coat. a. What is the regular selling price ...

A publisher reports that 61 of their readers own a

A publisher reports that 61% of their readers own a particular make of car. a marketing executive wants to test the claim that the percentage is actually above the reported percentage. A random sample of 310 found that 6 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As