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List four variables that would cause a decrease in real GDP (possibly resulting in a recession). Indicate whether changes in each variable increase or decrease aggregate demand or short-run aggregate supply. Next, list four variables that would cause an increase in the price level (shortrun inflation). Indicate whether changes in the variable increase or decrease aggregate demand or short-run aggregate supply.
suppose the demand for guitars in state college is given by qd 8000 - 10p where qd is the quantity demanded and p is
suppose david spends his income i on two goods x and y whose market prices are p x and p y respectively. his
Calculating the price elasticity of demand
ome workers in the economy are paid a flat salary and some are paid by commission. Which of compensation scheme would require more monitoring by supervisors In which case do firms have an incentive to pay more than the equilibrium level
Formulate and solve the profit maximizing solution to this exercise ignoring the four goals.
To maximize profit in the face of uncertainty, firms should produce the output where:
create an overall index of resource reliance by adding together energy depletion forest depletion and mineral depletion
Identify a person in an organization, or event(s) that should be given credit for the relatively low, stable rate of inflation we've had in the United States since the late 1980s?
What are the advantages and disadvantages to household debt? Are these the same advantages and disadvantages as government debt?
The perspective is that the tougher enforcement of drug laws for cocaine or other drug laws may actually increase the crime rate. Post your opinion using the concepts of demand, supply, and elasticity in your discussion.
Making the assumption of no compounding interest, Presume you purchase a perpetuity bond from Lateralus Inc. for $4,000 with an annual coupon rate of three percent. Specify all answers to the nearest dollar, and assume a discount rate equal to that o..
consider a firm that faces an upward sloping supply curve.since the firm faces an upward sloping curve it will not pick
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