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The difference between income and consumption is
a. rent
b. profit
c. saving
d. opportunity cost
e. roundabout consumption
Assume that the following data describe the condition of a banking system. Total reserves $200 billion, Transaction deposits $800 billion, Cash held by public is $400 billion, Reserve requirement .20.
If he continued to work exactly as many hours as he did before the wage increase, how much more money would he have each day to spend on consumption?
De Beers is a monopolist which supplies diamonds with constant marginal cost and constant average total cost. Draw the average cost, marginal cost, demand and marginal revenue curves. Show the price charged by De Beers without price discrimination. U..
What are the tools available to the federal government to implement fiscal policy. If you had the ear of the U.S. president, what advice would you give for the direction of U.S. fiscal policy.
Illustrate what are the levels of income every worker also consumption every worker at the initial period. Remembering that the change in the capital stock is investment less depreciation.
Illustrate what is the producer's profit-maximizing(loss-minimizing) output level. Illustrate what are the firm's economic profits.
AMS recently instituted an in-house recycling program. Profits of this program include not only profits to environment of recycling. Illustrate what level of Q maximizes profit of recycling.
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
(All numbers in the thousands) In May 2015, the civilian non-institutional population was 250,455. The number of employed workers was 148,795. The number of unemployed workers was 8,674. The number not in the labor force is 92,986. What was the unemp..
Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable le..
Determine the steady state level of capital, income and consumption (all per unit of labor) as a function of the savings rate and the depreciation rate. Suppose that the depreciation rates is 10% per year. Compute consumption per unit of labor for a ..
q. the article states growth in the export sector has been one factor contributing to overall growth. how would we
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