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Suppose the velocity of money is constant at 5 transactions per year, the price level for this year is $1, and real GDP this year is $8,000,000.
Suppose the economy's output of goods and services rises by 5% each year. What will nominal GDP be equal to next year if the Fed keeps the money supply constant?
q1. analyze the following statement and illustrate how would happen in the long run if such advice were followed by the
Endowment effects. Surveys and experiments reveal that people sometimes demand much more to give up something that they have than they would be willing to pay to acquire it. To illustrate, contrast a situation in which people have an opportunity to “..
Richard Pawlus was an owner of Dutch City Wood Products, Inc., which did business as “Dutch City Marketing”. Pawlus purchased merchandise from Rothschild Sun systems from April 24 to June 24 using the designation “Richard Pawlus Dutch City Marketing”..
Depreciable residential rental real property has been purchased for $70,000 and put into service during the third month of the taxpayer's tax year. For the applicable 27.5 year depreciation life, determine the allowable straight line depreciation ded..
It is often claimed that an added benefit of pollution abatement projects sponsored by the government is the increase in employment generated by these projects. Evaluate this by answering the following. Where do governments obtain the funds to undert..
q1. do protectionist policies benefit producers consumers workers or the government? explain. explain how the buy
q. suppose if the spot rate for won is 800 won equals 1 us also yearly interest rate on fixed rate 1 year deposits of
Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 tirllion and public saving is $0.2 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.
q.a consulting company estimated market demand and supply in a perfectly competitive industry and obtained the
q1. you are the proud owner of a baseball card store. suppose you sell 100.00 worth the baseball cards each day with
In developing countries, as average wage levels rise with the country’s growth it is often observed that: the labor force participation rate of adults rises but. How do labor economists explain these empirical facts?
Elle is walking to work along a sidewalk next to a road. A truck owned by Fast Distribution Company (FDC) strikes and injures Elle, causing her injuries that result in more than $250,000 in medical expenses. Elle is a resident of Georgia, where the a..
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