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1.What economic indicators should we use to assess whether the aggregate demand curve has shifted? Does the Bureau of Economic Analysis collect such data?
2. Is the increase in aggregate demand sustainable or does it only create an immediate impact in consumer spending? Should the private sector investment follow suit with such hefty government expenditure?
an economist might say that collage and universatys "produce" education, using facilty members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the one..
Determine what is a government budget deficit and how does a federal budget deficit affect the economy?
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Green sister has a dso of twenty days. The firm average daily sales are $20,000. What is the level of its accounts receivable? Suppose there are 365 days in a year.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
Illustrate rate of growth in fuel costs justifies going ahead with the insulation plan? Make sure that the rate of growth and the discount rate are aligned in terms of periodss.
Ten competitive saw mills currently supply lumber to a market whose demand q, depends on lumber price, p, as follows,
What is the profit maximizing output level for the typical firm? (Hint: Calculate MC for each change in output, then find the equilibrium price, and calculate MR for each change in output)
Research trade between the United States and another country in any one of the following areas: customer support services, garments, medical services, or technical products. Discuss the following points a. How is this trade arrangement beneficial
What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?
What do Tom's indifference curves relating Hamburgers (horizontal axis) to Hot-dogs (vertical axis) look like Graph and explain the shape of your indifference curves. Do these indifference curve imply that Tom will only eat hamburgers
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