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Christine has always been weak in mathematics. Based on her performance prior to the final exam in Calculus, there is a 57% chance that she will fail the course if she does not have a tutor. With a tutor, her probability of failing decreases to 27%. There is only a 67% chance that she will find a tutor at such short notice.
Using the Mundell-Fleming model (ISLM with IPR), discuss the impact of a negative aggregate demand shock (e.g., negative shock to investor or consumer confidence) on equilibrium values of output, the interest rate, the exchange rate, next exports, an..
Here are only some stars to fully staff every team, but there are enough for a few to be on each team if an owner decided to hire them.
Demonstrate and explain the full process illustrate what happens when the central bank increases their long run target for inflation.
From 2006 to 2010, per capita real gross domestic product (GDP) in Poland grew an average of 4.71% per year. At that rate, according to the Rule of 70, in roughly how many years will the Polish economy double in size?
A market has many small firms and one dominant firm. The market demand is Q = 100 - 5P. The dominant firm has a constant marginal cost of $6. All the smaller fringe firms combined have a supply curve given by Qs = 4P - 8.
Which of the following would occur if the federal government decided to use a budget surplus to reduce the existing debt.
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
If real income in a country falls, then the demand for money will ____________ , leading to a ________ in the interest rate and a ____________ of the currency.
Illustrate what additional effects follow this initial effect. Illustrate what is total effect of tax cut on aggregate demand.
Use the information in the table to calculate total revenue, marginal revenue, and marginal cost. Indicate the profit-maximizing level of output. If the price was $3 and fixed costs were $5, what would variable costs be? At what level of output wo..
Suppose a large number of new immigrants enter the labor market. Assume this increase in the supply of labor provides a drag on wage increases: wages rise by less than the prevailing rate of inflation over the next year. Use the short-run model to ex..
What is the optimal consumption bundle (a*,b*)? What can you say about this utility function?
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