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Suppose that GDP equals 10,000, aggregate consumption equals 6,000, net taxes equal 1,500, government spending is 1,700, net exports are 300 and the investment curve is given by the following equation: I=3,300-100r.
The real interest rate is ____%.
What are data in table saying. What is an implication of pattern shown. What are data in table saying. What is an explanation for pattern shown.
Illustrate what does this imply about short-run and long-run Phillips curves in se two types of countries. Illustrate what does this imply about effectiveness of monetary and fiscal policy to reduce unemployment rate.
Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given. Also say whether this represents a change in change in demand or change in quantity demanded.
Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
If Starbucks introduces the world to premium blends, and demand rises substantially, illustrate what will happen in this market as it moves to a new equilibrium.
Yesterday, the price of envelopes was $3 a box, and Julie was willing to buy 10 boxes. Today, the price has gone up to $3.75 a box, and Julie is now willing to buy only 8 boxes. Is Julie's demand for envelopes elastic or inelastic? What is Julie's el..
Why does a teacher earn less than a firefighter? Why does a union electrician earn less than a non-union electrician?
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.
Income elasticity can be either positive or negative depending on an item we are considering?
Using the aggregate demand-aggregate supply diagram, explain the impact of an appreciation of the U.S. dollar on the price level and real income in the short run.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Illustrate what is the relationship between marginal revenue also marginal cost as the firm increases output?
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