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Suppose that the Bank of Canada unexpectedly decreases the money supply. What will happen to unemployment in the short run? What will happen to unemployment in the long run?
While grading a final exam, an economics professor discovers that two students have virtually identical answers. Illustrate which outcome do you expect.
Assume you plan to invest $10,000 at one of the following interest rates. Order the interest rates in declining order of the amount of interest they would provide in one year
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
q1. in 2003 a seat on the chicago board of trade cbot sold for only 338000 compared to 2.0 million for on the new york
george has been selling 5000 t-shirts per month for 8.50. when he increased the price to 9.50 he sold only 4000
Mexico also which being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
Is there a property rights policy that would address the issue of climate change? If so, describe it and explain why it would work. If not, explain why not.
Calculate the average cycle stock for this item using the order quantity in part a. c. Assuming there are 12 periods per year, calculate total cost per year.
For an industry with MAC = 500-2E and MDC = 3E: Calculate the socially efficient tax rate. What is the total compliance cost to the industry if the socially efficient tax is charged? What are the net social benefits of the socially efficient tax?
q1. derive step by step the steady state level of capital and output per worker for each one of the models below basic
The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve:
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
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