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In the late eighteenth century, the price of bread in New York City was controlled, set at a predetermined price above the market price.
Draw a diagram showing the effect of the policy. Did the policy act as a price ceiling or a price floor?
What kinds of inefficiencies were likely to have arisen when the controlled price of bread was above the market price? Explain in detail.
q1.in signaling model assume high school graduates are paid a stream of income whose present value is 200000. college
If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output.
wants to produce 1,000 more garments of clothing, so the economy moves from point A to point B. Illustrate what is the opportunity cost of 1,000 garments of clothing in the range between points A and B.
What is mission of NYTHESE. Firms must pay a fee to list their shares for sale on NYTHESE. What would be fee for a firm with 5 million shares common outstanding.
Should the government build more shelters for the homeless? Where will it get the resources to do so? What are some of the opportunity costs?
Which of following claims concerning importance of effects that explain slope of U.S. Aggregate demand curve is correct.
a technology is invented that makes labor and capital perfect one to one substitutes in the production of mint
q.assume you are a typical consumer and expect to work for 40 years from this point onward and to live for 10 years
What does Friedman mean when he says the Earth is becomming "hot, flat, and crowded?" Describe three of the key problems that Friedman identifies in the book and explin why they re important.
How does monetary policy affect the US production and employment? How has the US current economic situation affected you and your family.
Explain your intuition as to why premia rise between April and September. Which of options above has lowest time value.
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
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