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Assume increase in government spending. Would the effect on AD be larger if the Fed held MS constant in response or if the Fed were committed to maintaining a fixed interest rate?
For a given firm the MRPL = $50, and the MRPK = $100, while the PL = $10 and the PK = $20. What are the general case rules for producing at least cost and maximizing profits? Is the above firm maximizing profits? Why or why not? What (if anything) ca..
Suppose that each unit of product A requires 4 workers and 1 unit of capital to produce, whereas each unit of product B requires 5 units of capital and 2 workers and that it is the case irrespective of prices (no factor substitution). What does this ..
explain how governments can contribute, or discourage long run growth through their policies and institutions.
how do public goods and private goods compare? open a supply and demand curve. in whcih direction do the shift if they both decease?
What would the lading capacity of the banking system be after such a portfolio switch? How large would the money supply be if the banks fully utilized their lending capacity?
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
Given a nominal interest rate of 5 percent, in which of the following cases would you earn the highest after-tax real rate of interest?
Find a single price that all mutually preferred trades can occur. What are the gains from trade? Now suppose a $1.50 per-unit tax is levied on Larry for each unit sold (that raises MC by $1.50). Now find all mutually preferred trades and the trading ..
The law in Ruba says no worker shall be paid less than nine slugs per hour.
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve.
Many conspiracy theories have been offered as explanations for the assassinations of the great leaders of the 1960s and still fascinate society today. Share some of those conspiracy theories. What contributes to the belief in conspiracy theories?
US and Canada can both grow wheat and can do mining. Use the following table to look for which country has a comparative advantage in mining. (Hint: Find the cost of mining in terms of wheat in each country.)
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