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Explain how each of the following scenarios would cause the aggregate demand, short-run aggregate supply, and/or long-run aggregate supply curve to shift and in what direction. Also explain how this shift would affect the equilibrium price level and real GDP. 1. Consumers expect a recession.
2. Domestic technology improves.
3. Foreign price level rises.
4. Government spending falls.
5. Higher future income is expected.
6. Resource prices fall.
A ship has a mass of 40000 kg. its energy gives it an acceleration of 0.27 m/s while it travels a distance of 105 meters from rest. what force does the engine exert on the ship.
Explain how much difference can a logo make on two shirts which are otherwise identical. Illustrate what type of market is this.
State the appropriate set of hypothesis to test whether there is a relationship between the variables X and Y.
Probability histogran curve of percentage of (P)z
A flat uniform circular disk (radius = 2.40 m, mass = 1.00 x 10^2 kg) is initially stationary. The disk is free to rotate in the horizontal plane about a frictionless axis perpendicular to the center of the disk. A 45.0 kg person, standing 0.95 m fro..
If a woman lifts a 20.0 kg bucket from a well and does 6.00 kJ of work, how deep is the well? Suppose that the speed of the bucket remains constant as it is lifted.
Explain Selection of a machine through NPV and How much would Allen Company be willing to pay for machine B if the machine promises annual cash inflows
In explaining their findings, the authors have ignored a major threat to the validity of their estimates of exposure. Explain and discuss this error.
Here are fifty observations on the weight of tea bags. Create mean, mode and median.
The 2.00 kg object below is released from rest at the height of 5.0 m on a curved frictionless ramp. At the foot of the ramp is a spring of force constant k = 450 N/m. The object slides down the ramp and into the spring, compressing it a distance x b..
This document shows evaluation of alternative approaches to analysing the effectiveness of public policy and Assess the impact of government policies on selected areas.
In the 1970s people had become accustomed to high inflation. In 1979, Bank of Canada decided to fight inflation and decreased the money supply growth rates.
In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
Compute the expected value (revenue) from each project. Compute the coefficient of variation of each project, and find out which project should the company choose. Compute the variance and standard deviation of expected value from each project.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
What is opportunity cost of producing a car in Canada? What is the opportunity cost of producing the tonne of wheat in Canada? Describe the relationship between the opportunity costs of two goods.
Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
What is the value of the money multiplier? What is the value of the nomial money supply? What are the nominal values of deposits, currency and reserves?
Additionally, several other configurations were also estimated. The results are shown on the following pages. Based on this data, answer the following questions. Comment on the significance of time trend and seasonality.
Changes in government spending and interest rates
Give at least three explanations of why economic reasoning would argue that this is to be expected.
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