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Justifications for downward sloping demand curve
The demand curve shows that price and quantity are inversely related. Briefly explain two justifications for this relationship ( the income and substitution effects). The supply curve shows a positive relationship between price and quantity supplied. What role does the loss of increasing opportunity cost play in this relationship? What role does profit play in this relationship?
Compute the changes in inflation rates, unemployment rates and the RGDP growth rates.
What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?
Which type of firm faces the most elastic demand curve? In which of market structures are firms able to earn both accounting and economic profits in the long run?
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Utilizing the midpoint formula, elucidate the price elasticity of demand for Coke at these prices.
Elucidate foreign demand for dollars as well as the international value of the dollar.
Explain how does the marginal price for a product like this differ from a product like automobiles. What relevance might there be to this difference.
Discuss the differences among commodity money and fiat money, making sure to explain what makes fiat money work.
How would each of the following affect the firm's marginal, average, and average variable cost curves?
The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
Explain the households budget line and its relationship to the indifference curve.
Elucidate action did the FOMC take, if any, as per the level of the fed funds rate. Why did it make this choice
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