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To get you started concentrate on two distinct chapters in the Schiller textbook. See chapter 4 for an analysis of the problems of individual markets. See chapter 10 for an analysis of problems in the aggregation of markets.
Also, what would happen to the government multiplier under conditions of perfectly flexible prices.
Recently, the price of honey has risen. This must mean that the demand for honey has risen, maybe because more people are aware of the benefits of eating honey.
The child of a customer, left in a running vehicle, manages to shift the car into forward and it plows through the front of your store, sending debris and stock flying, and causing an indeterminate amount of damage to your facility.
In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the ..
How do you analyze the last 10 years of changes in U.S. GDP, savings, investment, real interest rate and unemployment.
Suppose that the demand for Federal funds curve is such that the quantity of funds demanded changes by $160billion for each 1 percent change in the Federal funds interest rate. Also, assume that the current Federal funds rate is at the 3 percent r..
Explain some of the major courses of poverty in US
In the model of a dominant firm, assume that the fringe supply curve is given by Q = -1 +0.2P, where P is market price and Q is output. Demand is given by Q = 11-P. What will price and output be if there is no dominant firm Now assume that there is..
You shop for groceries in 2007 and buy $300 of food. Two years later, in 2009, you buy an identical “market basket” of groceries, only this time it cost $318. What is the CPI relative to 2007 as the base year? Show calculations.
Assume the price of the futures contract changes as shown in the following table. Enter the relevant information into the table. Show your calculations.
Supposed a firm faces an inverse demand function of p(y)=20-y and a total cost function of c(y) = a + y^2
What was the growth rate for nominal GDP in 2007? What was the growth rate for real GDP in 2007? What was the inflation rate in 2007? What was the growth rate of real GDP per capita
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