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assume the tax multiplier is estimated to be 1.5 and the aggregate supply curve has its usual upward scale. suppose the government lowers taxes by 150 million. aggregate demand will increase or decrease and by how much?
Discuss major fundamental shortcoming of theories of cost determination in england prior to roughly 1870, why failure.
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
Given a normal population whose mean is 50 and whose standard deviation is 10. Find the probability that a random sample of 4 has a mean between 49 and 52.
the industry that this claim were untrue, what critical questions could you ask about the HHI used for the study
Compute accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job. Illustrate what is the economic profit of the business.
What is the unemployment rate among the 500 surveyed people? Consider the following price information: Year 1 Year 2 Cup of coffee $ .50 $1.00 Glass of milk $1.00 $2.00
Illustrate how many would you expect to be sold under each pair of price and income demand elasticity estimates.
Justify your answer using at least two analytical techniques and presenting the information graphically.
Every may either 'cooperate' with its rival or 'cheat' in every period of play. If both cooperate, they earn $100 every in that period.
Assume that this cost is set by an upstream wholesaler with monopoly pricing power.
If the price of apples rises and the quantity of apples exchanged decreases, then we know that there cannot have been a: decrease in supply with no change in demand.
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
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