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Consider a closed economy in which the money supply totals $120,000. The price level is constant at a value of 2 and nominal GDP is currently $200,000.
Calculate (income) velocity for this nation, carefully following all numeric instructions. Round any intermediate steps and your final answer to two decimal places.
An energy manager has $5000 available to purchase a high efficiency air conditioner that has a life of 6 years. The manager would like to know what should be the energy cost savings needed each year to justify the purchase (a) if the interest rate is..
q.covington corporation purchased a vibratory finishing machine for 20000 in year 0. the useful life of the machine is
You have your eyes on a new automobile costing $25,000. If you wrote a check for the $25,000, you could drive off in your new car. However, you don’t have it and must finance $20,000 through the dealership at 15%/year/month over a 5-year period. What..
Show why the Solow growth model with diminishing marginal product of capital (assume labor is constant) implies that capital accumulation alone cannot result in continuous growth. What happens to steady state level of capital and output if there is a..
The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..
Suppose that the market for a good is composed of 1000 identical consumers. The market Demand is given by = 150,000 − 25. What is demand for an individual consumer’s demand curve? Find the equation and illustrate graphically.
How can these leaders use their control over current taxes, subsidies and government debt to force their successors to reduce steady -state government expenditures below 900,000 goods.
Discuss the importance of advertising in increasing sales for perfectly competitive firms, monopolies, oligopolies, and firms with monopolistic competition.
In the Clean Air Act as amended, Congress allowed California, which has serious problems with air quality, to adopt its own standards for emissions from cars and trucks, subject to the approval of the Environmental Protection Agency (EPA) according t..
A market is made up of two consumers. The first has a demand P(1) = 1200 – 3q and the other has demand P(2) = 1200 – 6q. There is one firm in the market acting like a monopolist with costs = Q^2 + 90,000. Assume the firm can perfectly price discrimin..
q.what would be the production possibility frontiers for brazil and the united states?without trade the united states
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
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