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Over the years the market demand for “long-playing records made of polyvinyl has fallen considerably as new technologies replaced the old “lp” yet lps are still available for sale and they sell at price points higher (in some cases much higher) than CD’s. According to economic theory when demand falls, the price of a product should fall. Explain this apparent contradiction between theory and fact.
Suppose that the required reserve ratio is 0.12 for deposits and d that there are no excess reserves. Suppose also that the total demand for currency is equal to 0.3 times deposits. If the monetary base is $40 billion, what is the level of the money ..
When a small car ("Economy"-"E") collides with a larger car ("SUV"-"S") passengers in the E are put at greater risk. However, when an E collides with another E damags are minimal, whereas when an SUV collides with another SUV the damages are higher.
Examine who the winner and loser would be - either the borrower or the lender in the given scenario. Provide support for your response.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs? Explain. Who are the winners and losers from trade restrictions? Given that trade restrictions impose loss..
you were appointed to manage the production facility of your new factory in saint john. a think tank estimated the
social emotional developmental theories have been conceptualized based on the work of erik erickson stanley greenspan
what is elasticity? identify products which have an elastic demand. identify products which have an inelastic demand.
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two c..
What is the difference between a price ceiling and a price floor? What will happen if a price ceiling is imposed below the market equilibrium? If a price ceiling for a good is set below the market equilibrium
education production functions. consider the following education production functiontest i b 1 b 2 class size i b 3
What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?
Assume individuals consider only the short-run effects of changes in future macro variables when forming expectations of future output and future interest rates.
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