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Positive economics deals with
a. theories about improving people's self-esteem
b. practical ways of improving people's self-esteem by making money
c. opinions that affirm economists' theories
d. statements about the way things ought to be
e. statements of fact
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
Assume that marginal propensity to consume is constant at 1/2 and breakeven point is $8,000. If income is $10,000, n how much will be consumed and how much will be saved.
Elucidate each of his major points and decide whether you consider it valid or invalid. Be sure to justify your position.
When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly.
what will happen in the market for personal computers? How will the equilibrium price and equilibrium quantity of personal computers change?
Assume that the country initially has no restrictions on trade also then imposes an import quota
General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.
Explain how much money willyou have earned when the bond reaches maturity in five years.
q. we may not have a de lorean that reaches 88 mph or a tardis that can slide through space and time but within the
will have to rise the money supply to keep the price level from falling.can keep the price level stable without altering the money supply or interest rate.
q.a consumer is in equilibrium at point a in the accompanying figure. the price of good x is 5.a. illustrate what is
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