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A reduction in income will cause: a reduction in the supply of central bank money a reduction in the demand for currency and reserves an increase in the demand for reserves none of the above If nominal GDP rises from $100 billion to $120 billion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is: -10.00% 10.00% 1.10% 9.09%
1draw what happens in the economy in the short run when interest rates fall.a.what components of gdp change-how and
Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are “good intentions” necessary if individuals are going to engage in actions that are helpful to others? Discuss.
Describe how the price system answers the five fundamental questions of economics, and discuss at least two of the short-comings of the capitalist price and market system.
write a 300-word summary of the business research process by describing the business research process from your
What strategy was Avon pursuing until the mid-2000s? What were the advantages of this strategy? What were the disadvantages? What changes did Andrea Jung make in Avon’s strategy after 2005? What were the benefits of these changes? Can you see any dra..
An economist for the Vanda-Laye Corporation
When a firm focuses on increasing profitability by customizing the firm's good or services so that they provide a good match to tastes in different national markets, it is pursuing A Localization strategy.
Two firms are competing in an oligopolistic industry. Firm 1, the larger of the two, is contemplating its capacity strategy, which we can broadly characterize as "aggressive" or "passive." The "aggressive" strategy involves a large increase in cap..
potatoes cost janice 0.50 per pound and she has 5.00 that she could possibly spend on potatoes or other items. if she
Write in words (or in mathematical symbols) the formula for the coefficient of price elasticity of demand. What are the numbers or ranges of numbers that correspond to (1) perfectly elastic demand; (2) elastic demand? Give a realistic example o..
Is the following, true, false, or do you need more information? Airlines should charge $1,300 for a first class ticket
Identify the normative policy school (Keynesian, New Classical, Supply side, Monetarist, or Mainstream) which most closely represents your own normative policy views? Defend your position and offer at least one counter argument against the alternativ..
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