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Suppose that last year $1 US exchange for 2.2 Euros. this year, however, $1 exchange for 2.3 euros. as a result of this stronger dollar, the United States' short-run aggregated (SRAS) curve shifted to the right. Why did a stronger dollar cause SRAS to increase?
utility refers to the satisfaction or fuzzy glow derived from consumption of goods. utility and usefulness are synonymous (i.e., they have equivalent meanings). a good may yield utility when acquired but not be functionally useful.
The minimum efficient scale for running a food truck is 50 orders per day. If students typically place 1000 orders at local food trucks, how many food trucks would you expect to see on campus? If a food truck was only selling 30 orders per day, would..
Suppose the demand for honey is given by Q=500-4p. Also, suppose there are 80 honey producers in the market. What is the equilibrium price of honey?
q.governments often complain about one anothers macroeconomic policies. this question asks you to analyze one example.a
All other things being equal which of the following is not likely to lead to faster growth of GDP per capita if we assume diminishing marginal product of capital improving government starting poorer higher savings rates higher population growth
Given the initial demand and supply curves for prescription drugs and an equilibrium price and (3) questions ) quantity, select from the list below the ones that the direction of change will be to the right. Consumers become more enamored with the wo..
The 2000s witness a dramatic increase in Financial Engineering that produced a wide range of new loans and investment products. a. What is Financial Engineering? b. Provide examples of consumer loan products and investment securities. c. How did Fina..
Either an increase in demand with the supply curve held constant or a decrease in supply with the demand curve held constant will raise a market's equilibrium price.
Suppose a new manufacturing technology results in an expansion in the supply of golf balls in the United States of 15%. If the elasticity of demand of golf balls sold in the U.S. is -0.4, the new equilibrium price will be
Assume a majority of governors are reluctant to increase interest rates to fight inflation for fear of causing too much unemployment in the short run. How is this situation most likely to affect the Fed's credibility?
Assume that American lumber companies make 52 billion board-feet of lumber each year, of which 10 billion are exported and 42 billion are sold in the United States. The average price is 30 cents per board-foot. How much producer surplus would U.S. lu..
Suppose minorities form 29 percent of a local population. A local business has 125 employees of which 28 are momorities. Did the business discriminate in its hiring practices? Write the null and alternative hypotheses. What is the value of the test s..
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