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Real GDP and nominal GDP differences
What is the difference between real GDP and nominal GDP? Which is the better measure of economic well-being, and why?
Describe autarky equilibrium if all the English always consume equal quantities of wine and cloth. Describe autarky equilibrium if Portugal always consumes equal quantities of wine and cloth.
Which of the following is a long-run macroeconomic policy goal? If the CPI was 132.5 at the end of 2003 and 140.2 at the end of 2004, the inflation rate over these two years was
Explain the impacts of an expansionary fiscal policy such as a tax cut on the levels GDP, Consumption, Investment, interest rate and unemployment and price.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
Illustrate what policies would you implement to help the economy reach full employment.
Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker, consumption per worker and investment per worker given that the rate of saving is 20% and depreciation rate is 10%.
A rise increase in elasticity of demand will also rise monopoly power.
Suppose that the software market currently has one firm operating -Microhard. What contract should be writen between the bank and Newvel?
Elucidate the value of Peets coffee both current and future valuation.
Coimpute how much the shortage or surplus is if there is any.
Suppose that workers and firms could always predict next year\'s price level with perfect accuracy.
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
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