Aggregate supply shock and aggregate demand shock.

What are they.

Discuss the effects of a price floor. Devaluation of a currency can sometimes be good for an economy. Discuss. This event came to be known as "Black Tuesday." It happene d in 1929, and is often cited as the beginning of the Great Depression. Which is it? Who was the chair of the Federal Reserve during the Great R ecession? If the fixed cost of producing a good is high, is it harder or easier to maintain a monopoly? Discuss. Explain where does the supply of loanable funds come from. Who was the chair of the Federal Reserve that brought inflation down from as high as 14.8% during the 1970's and 80's?Describe okuns law? Aaron prefers hamburgers to hot dogs and prefers hot dogs to pizza. What assumption of consumer choice permits the conclusion that Aaron prefers hamburgers to pizza? In the short run, the shutdown condition for a firm occurs when price is less than W) average variable cost X) marginal product of labor '1") average fixed cost 2) marginal cost What concept asserts that money available at the present time is worth more thanthe same amount in the future due to its potential earning capacity? What economic growth model predicts that all countries will converge to the same income level as poor countries automaticallv enjov rapid catch-up growth? A scandal involving this company led the US government to pass the Sarbanes-Oxley act in 2002 and caused the de facto dissolution of the accounting firm Arthur Andersen. What Houston-based energy company, which declared bankruptcy in 2001, was infamous for its fraudulent accounting practices and insider trading? Discuss Cournot competition? When a consumer faces two goods that are perfect complements, the production function may be classified as which of the following? Discuss the mechanism by which demand creates its own supply. Discuss the comparative advantage theory and the absolute advantage theory