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What is happening to the US trade balance in each of the following situations? Explain. a. Lower international trade barriers for imported products in the US b. Prices in the US decreases more than prices abroad c. Economic improvement starts in Canada. d. Nominal exchange rate of US dollar depreciates
Illustrate what is Fast Food's elasticity of demand. What does elastic, inelastic, or neither tell us about the elasticity of demand.
Explain how does the income approach to measuring GDP differ from the expenditure approach. Explain the meaning of value added and its importance in the income approach.
Consider an economy in which taxes, planned investment, government spending on goods also services also net exports are autonomous
The current inflation rate in Iran is roughly 23% per year (because of economic mismanagement and UN sanctions). How should a prudent Iranian invest a large sum of rials today to preserve/grow its future value?
Describe the Taylor rule. If the Fed were following the rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level?
How much Wyandotte have to decrease the price of polyol to attain a 15% increase in the quantity sold.
q1. labor costs 12 per hour. nine workers produce 180 bushels of product per hour whereas 10 workers produce 196
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have primarily or the following balance sheet.
One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Describe a situation in which autocorrelation might be present and which of the three methods of detecting autocorrelation you would leverage. Explain your rationale. Describe what remedial measure you would take to address autocorrelation if it were..
Why do national income accountants compare market value of total outputs in various years rather than actual physical volumes of production.
What is the profit of each firm in equilibrium (problem 14)? REMEMBER THERE ARE NO COSTS
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