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1. Compute the substitution effect and income effect associated with a multiplicative price increase Δ in pY, that is, multiplying pY by Δ>1, for the case of Cobb-Douglas utility u(x,y)= xαy1−α.
2. Show that an increase in the wage increases the consumption of goods, that is, x increases when the wage increases.
Consider the Figure below that represents a perfectly competitive firm
imagine the world contains only two nations and that one of them is experiencing capital flight. In the diagram, below trace out the effect of this capital flight on the other nation. Indicate whether the real interest rate.
There are two goods 1 and 2. Denote the consumption bundle consisting of x1 units of good 1 and x2 units of good 2.Write down the equation for the indierence curve that passes through the consumption bundle.
Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment value, and inflation vale are the most common macroeconomic indicators.
explain how much will real GDP change. Explain how the concept of comparative advantage was relevant to the trade negotiations.
In light of the theory of comparative advantage, "Are Any Restrictions On Free International Trade Advantageous. Discuss comment on the current issue of "Exporting Jobs".
In the 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?
Find the equilibrium quantity and price. What is the total health expenditure on the services considered in the demand-supply functions?
The rates of server for performance monitoring were officially defined for 2008 also represents a reduction
Demonstrate the effect of expansionary monetary policy in the AS/AD model when the economy is:
Elucidate implications would these policies have on the economy and specifically your personal and professional life.
Suppose that the price of gasoline rises, and at the same time, the price of steel(an input to automiblile production) falls. Show this on your graph. If you have no other information, what can you say about the change in equilbrum price and quani..
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