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Describe the keynes motivation, Q. Describe the Keynes motivation? Key...
Q. Describe the Keynes motivation? Keynes' motivation: In good times, when Y is high (above its trend), national income is high (above it trend). Consumers will take this opp
Explain initial actual markup, George has been selling 5,000 T-shirts per m...
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is
Appropriate capacity exponent, Estimate the cost of expanding a planned new...
Estimate the cost of expanding a planned new clinic by 20,000ft^2. The appropriate capacity exponent is 0.66, and the budget estimate for 200,000ft^2 was $15 million.
DEFLATION IN JAPAN, what happened to the equilibrium price level in Japan d...
what happened to the equilibrium price level in Japan during the early 2000s? How did Japan''s equilibrium price level adjust between the middle of 2008 and early 2010?
Describe wages and income, Q. Describe Wages and income? Remember that ...
Q. Describe Wages and income? Remember that by wage we characteristically mean what you receive for working one hour, whereas income is the total revenue from all sources over
Overnight interest rates targets and money supply, Q. Overnight interest ra...
Q. Overnight interest rates targets and money supply? There are many ways to explain the significant connection between overnight interest rate target and money supply. We will
How to find nominal gdp in the current year, Consider an economy that produ...
Consider an economy that produces only three types of fruit: apples, oranges & bananas. In the base year the production & price data are as follows: Fruit
Two countries had the same levelof real gdp per capita, If Country A had fo...
If Country A had four times the initial level of real GDP per capita of Country B and it was growing at 1.4 percent a year, while real GDP was growing at 2.3 percent in Country B,
Positive and normative economics, POSITIVE AND NORMATIVE ECONOMICS E...
POSITIVE AND NORMATIVE ECONOMICS Economics as a social science adopts an analytical approach to the study of changes in economic variables on the actions of human beings. Th
Two coins tossed, let Y denote the number of "heads" that occur when two co...
let Y denote the number of "heads" that occur when two coins tossed. a) Derive the probability distribution of Y b) Derive the cumulative probability distribution of Y c)
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