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What is the current rate of inflation or deflation? Which one do think might be more disruptive for an economy, and why?
Describe a policy in the AS-AD model that would reduce inflation from the current level. Do you the U.S. should adopt this policy? Why or why not?
Suppose the Council of Economic Advisors (CEA) hired you as an Economist (Economic consultant). The head of the council tells that she believes the current unemployment rate of 9% is too high. They would like to increase real aggregate output (RGDP).
Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
Suppose that the supply curve in question 1 above product is given by P=12+(2/3)Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a supply curve?
If the nominal exchange rate were 1.2 Canadian dollars per U. S. dollar, illustrate what would be the real exchange rate.
The demand for a product is Qd = 100 - 4P +3Px and supply is Qs = 10 +2P, where Q is the quantity of the product in thousands of units, P is the price of the product, and Px is the price of another good. When Px = 40, the equilibrium price of the pro..
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge t..
Describe the types of economic development programs that are being conducted in your community. Analyze the actors involved in the economic development programs.
q.there are two identical firms in an industry. each firm uses a cournot strategy to maximize profits. if the best
A firm with the ability to affect the price of its product:
Given a daily traffic rate of 6000 cars, a toll of $26.00 per car, and a price elasticity of -1.4. What would be the effect of a 50% decrease in price on the traffic rate and daily revenue?
Joe keeps only 5.5 days-of-supply of inventory on average because much of his inventory is live bait and micro-brew beer, both of which have a short shelf life. What is his annual inventory turns.
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