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The US stock market has set records for high values in recent months. This means the overall wealth of the populace has increased. What effect does this have on the following?
AD would (increase, decrease, stay the same) ____________
SRAS would (increase, decrease, stay the same) ____________
The PL would (increase, decrease, stay the same) ____________
Real GDP would (increase, decrease, stay the same) ____________
Distinguish between the resources market and the product market in the circular flow model.
The graph below shows the demand and supply curves of the market for gasoline as well as the wedge that the tax creates. Explain how much is the total tax revenue.
Phil realized a total return of 13.2 percent which is less than his expected return of 14.4 percent. What is the amount of his unexpected return? A portfolio is comprised of two stocks. Stock A comprises 65 percent of the portfolio and has a beta of ..
What is the equilibrium level of income? If government purchases increase to 420, what is the new equilibrium income? What is the multiplier for government purchases?
Which is the proper cite for the Code of Federal Regulations?
Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.
Michael paid $20,000 in 2010 for an option to purchase 10 acres of land. By paying the $20,000, Michael bought the right to buy the land for $100,000 in 2016. When Michael bought the option in 2010, the 10-acre land was worth $120,000. In 2016, it is..
Demand: P= 50-QD and Supply: P= 25+QS Assume that the government levied a 25% tax on the suppliers of mangoes. Illustrate graphically the different economics effects of the tax. CALCULATE AND COMPUTE THE DEADWEIGHT LOSS AND TAX BURDEN.
Explain why industry expansion in response to rising prices will put even more upward pressure on price in the cattle price cycle. What happens to finally cause the turnaround at the peak of the cattle price cycle?
Briefly explain why empirical consumer demand studies such as Patrick McCarthy's study of automobile demand are relevant to managers?
Use the concept of "optimum fringe benefits" to assess the wisdom of Congress mandating that employers offer some specific fringe benefit (daycare for children of employees, say) free of charge.
What political ideals and practices emerged in the Classical Civilizations? How have the ideas born in this period informed or shaped modern political values? How would political leaders from the Classical Civilizations view the state of politics tod..
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