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In a competitive market, the demand and supply curves are Q(p) = 12 - p and S(p) = 5p respectively.
1) Consumer surplus in this market equals?
2) Producer Surplus?
3) What percentage of the total surplus is lost if the government imposes a sales tax (ad valorem) of 20% collected from the producer?
All of the following are strong indicators that some condition is viewed by the public as problematic or troublesome except:
What are the two types of information available to complete the budget? Describe the benefits and disadvantages of them and give an example of each.
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Country described by the one-country model in section Suppose that the country temporarily raises its levels of γA. Draw graphs showing how the time paths
Which of the subsequent is directly included in the calculation of the GDP?
The payment to resource owners has to be equal to ____ in order to keep the resources in their current use. The term price maker
If r is 1 percent, what is Y along the LM curve? If r is 3 percent, what is Y along the LM curve? If r is 5 percent, what is Y along the LM curve?
Your grandfather has offered you a choice of one of the three following alternatives: $5,000 now; $1000 a year for eight years; or $12,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you choose? If..
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Illustrate what is macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
Assume that M1 is currently $2,700 and M2 is $11,000. Determine the new levels for M1 and M2 and whether the new values represent an increase decrease or unchanged totals for M1 and M2 based on each of the following INDEPENDENT scenario: In other wor..
how fiscal policy can ‘stabilize' economy. What about government borrowing and public debt.
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