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CPI vs. GDP deflator
How do the CPI and the GDP deflator differ? Why do economists believe that the CPI overstates the rate of inflation? Is this an important problem?
How would each of the following affect the firm's marginal, average, and average variable cost curves?
Illustrate what effect a contractionary fiscal policy have on the price level and real GDP.
Exchange and markets, Demand supply and market equilibrium
Explain what would happen to the slope or position of the AD curve in the following circumstances.
If I have to lay-off 19 employees as the company is upside down -$1878.00 after total cost. So, by cutting staff of 19 with a salary of $100 per day, an eight hr day, how much will I save.
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
Compute the path of the economy, that is , calculate real GDP, the price level, the inflation rate and real money stock for each year until GDP I swithin 1% of the potential. (limit calculated values to 10 decimals points)
Explain how each of the following would cause the yield curve to shift if between now and next year:
The mine operates on a three shift depends per day , 6 days a week. Allows for availability the mining system operates 5,000 hours per year.
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
Use the following data for a pure monopoly to calculate the firm's-its profit-maximizing output level and produce price;
What is the equilibrium level of income? Compute disposable income, consumption and aggregate demand.
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