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Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10.a. What is Jason's real income in terms of spy novel?b. What is the relative price of a DVD?
How does an increase in income taxes on wage income affect the labor market and potential GDP? How does an increase in income taxes on interest income affect the capital market and potential GDP?
The economy is operating below its potential output, what kind of gap exists. Determine what kinds of fiscal or monetary policies might you use to close the gap.
During the 1990s, age cohort that grew the most rapidly was the 45-54 cohort, which has highest saving rate. Yet during that same period,
Determine absolute advantage and comparative advantage and explain why will resources specialize according to their comparative advantages?
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
Determine the economy current stage in the business cycle and support your answer with an article written within the last week from popular press or blog.
Illustrate what were the percentage changes in nominal GDP and real GDP for the most recent quarter? What accounts for the difference.
Illustrate why do the Classical or Monetarist schools of economic thought maintain that monetary stimulus is doomed to be ineffective in the long run.
Calculate the real GDP in every year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two,
Economists also businesses almost always compare costs and benefits in their decision making.
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D -Calculate the monopolist's profit maximizing quantity, price and profit.
Sprint acted as a well-managed business that takes the actions necessary to remain competitive in a very competitive marketplace.
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