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1. If the economy is to have significant built-in stability, then when real GDP increases, the tax revenues should:
a. Fall proportionately more than the change in GDP
b. Fall proportionately less than the change in GDP
c. Rise proportionately more than the change in GDP
d. Rise proportionately less than the change in GDP
2. The short-run aggregate supply curve:
a. Becomes flatter at output levels above the full-employment output
b. Becomes steep at output levels above the full-employment output
c. Is upward-sloping with a constant slope
d. Is horizontal
Describe the monetary policy tools the Federal Reserve uses to stabilize the economy and maintain price stability. Based on the information you researched from Federal Reserve publications, present and justify your own economic outlook for the next..
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Derive the average cost of producing 100,000, 200,000, 300,000, and 400,000 devices per year with plant A. (For outputs exceeding the capacity of a single plant, assume that more than one plant of this type is built.)
When a bank raises its interest rates on loans, it typically sees fewer customers visiting to apply to borrow funds. 1. What is the independent variable 2. What is the dependent variable 3. What is the mathematical relationship between these two vari..
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a examine your y data excluding the hold out period to determine if it needs to be differenced to make it stationary.
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If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year.
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Which of the following was an outdated notion regarding open source software and has been shown to be inaccurate? a. Open source software is free and its code is available for anyone to look at and potentially modify.b. Open source software code can ..
What will be the scale effect of this change on use of capital and labor and why? How would this be shown on an isoquant diagram? ( a diagram isnt needed here either.)What will be the net or total effect of this decline in the cost of capital on th..
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