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Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment. Show the effects of the following events on the Aggregate Demand curve.
1) An increase in RGDP in Europe and Japan
2) A reduction in Medicaid and Medicare benefit levels.
3) A decline in U.S. households’ expectations of their future income.
4) An increase in business expectations of future aggregate demand growth
5) An increase in government spending on military hardware
6) A rise in the price level due to a sharp increase in the price of oil.
7) A decline in the prices of real estate and existing residential housing.
8) A sharp decline in the value of foreign currencies relative to the value of the $.
explain how scarcity and choice are related. economic theory says that a rise in the price of a good will cause people
Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with a higher ability level. Which ind..
In what condition will a perfectly competitive firm that incurs economic losses choose to produce rather than shut down in the short run? Why will the firm do so (c) Should a firm produce at an output level at which long-run average cost is minimiz..
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply:
as a manager you have influence over your coworkers. this influence affects the employees work life and family life.
jim buys only bananas and cds. suppose that jims income is 40 bananas cost 0.80 per pound and cds cost 8 each.a write
What are some of the considerations and concepts behind planet-wide laws In your opinion, is this a healthy step forward for humankind. In terms of technological but also social development, what do you think was the significance of the Bronze Age.
determine the equilibrium price equilibrium output unit profit and total profit at the equilibrium point. also
Wise politicians would therefore be advised not to meddle and attempt to affect the economy cycles with discretionary monetary and fiscal policies.
Suppose a consumer's income is used on two goods, X and Y. The consumer's income is $200 and the prices of X AND y are $10 and $5 respectively.
a company obtained 500000 for a necessary technology from a venture capitalist who charges them 24 compounded monthly.
Assume that the demand curve is given by the following: p=100 and the supply curve is given by Q=p-25. If the government puts in place a tax of 10 that must be paid by the buyer the deadweight loss that results is equal to:
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