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Suppose that Congress is considering imposing a 30% tariff on imported automobiles. Who would be the gainers and who would be the losers from such a move?
What price should DD set to maximize profits? What would output be if DD acted like a perfect competitor and set P = MC?
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
Find the optimal level of inputs L* and K* that minimize the cost of producing Q0. What is the cost of production associated to L* and K*?
Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.
What is the profit-maximizing price and output? What is the total profit? What is the price elasticity of demand at the profit maximizing output?
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
Describe the effects of monetary policies on the economy's production and employment.
What is real mortgage interest rate in 2001, 2002, 2003 and 2004? What are the values in 2000 dollars of the Nancy's monthly mortgage payments in the year of 2001, 2002, 2003, and 2004?
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