Amount that the economy is capable of producing

Assignment Help Business Economics
Reference no: EM13741152

Whenever the amount of output produced is not as great as the amount that the economy is capable of producing, there is a positive GDP ___________ and cyclical unemployment will be the result.

Reference no: EM13741152

Questions Cloud

Business organization provides for limited liability : The text defines an economic system as, Dynamic efficiency measures, Which of the following legal forms of business organization provides for limited liability? Privatization in transition economies is often justified on the grounds of increasing
After-transfers family income is the sum : According to the human skills theory of comparative advantage, developing countries would be expected to have a(n). After-transfers family income is the sum of
Determine the equilibrium real interest rate : Use the following data table to determine the equilibrium real interest rate after certain factors change: Month Real Interest Rate (%) Loan able Funds (trillions of $) Exogenous Change Equilibria (increases, decreases, or no change)
Period-expressed in base-year dollars of value : Suppose that since some base year, the the price index (or GDP deflator) has increased from 100 to 125. During the same time period, NOMINAL GDP has increased from $500 billion to $600 billion. What is the value of REAL GDP at the end of this period ..
Amount that the economy is capable of producing : Whenever the amount of output produced is not as great as the amount that the economy is capable of producing, there is a positive GDP ___________ and cyclical unemployment will be the result.
Diagnostic tests and fixed-proportions production function : Suppose that a biotech firm makes diagnostic tests and has a fixed-proportions production function in which one unit of output (diagnostic test) is produced using one worker and two units of capital (machines).
Labor force participation rate and unemployment rate : Homemakers are not included in the employment or labor force totals compiled by the Bureau of Labor Statistics household survey. They are included in the working-age population totals. Suppose that homemakers were counted as employed and included in ..
The long-run average-cost curve : If an industry has no barriers to entry, no product promotion strategy, a standardized product type, and a very large number of firms operating within it, the industry can be said to have. The long-run average-cost curve
Where was population growth fastest and slowest and why : Where was population growth fastest and slowest, and why? What do you notice about the contours of the population: age, sex, ethnicity and race? Any notable trends?

Reviews

Write a Review

Business Economics Questions & Answers

  What price should the firm charge to realize the targeted

Illustrate what price should the firm charge to realize the targeted profit. Illustrate what would be its (cost-based) markup ratio.

  Illustrate what are pros and cons of using expansionary

Illustrate what is difference between contractionary and expansionary monetary policy. Illustrate what are pros and cons of using expansionary.

  Mutual stock fund has grown at a rate

A mutual stock fund has grown at a rate of 16% compounded annually since its beginning. if it is anticipated that it will continue to grow at this rate, how much must be invested every year so that $60,000 will be accumulated at the end of 12 years?

  Explain how would you go about resolving the issue

Comment on this trade-off between equity and growth. Explain how would you go about resolving the issue if you were the president of a small poor country.

  What is the probability of type i error

If a random sample of 400 clients is elected, what is the probability of Type I error using this decision rule.

  Suppose the impact on the interest rate

Suppose the impact on the interest rate of a $3 increase in government spending can be eliminated by a $1 increase in the money supply. If "the" multiplier is 4 and the income multiplier with respect to the money supply is 3, what mix of monetary and..

  The probability of accepting the next wage offer

The probability of accepting the next wage offer is: Which of the following would be considered a real (as opposed to pecuniary) externality associated with migration? The longer the expected length of tenure on the job:

  Illustrate what is the marginal product each black worker

Illustrate what is the (true) value of the marginal product of each black worker. Discuss the employment decision made by firms for which d = 0.2 and d = 0.8 respectively.

  Q1 what action can firms to take to ensure that they

q1. what action can firms to take to ensure that they realize whatever economies of scale are created by their volume

  Write down this number on a piece of paper

Assume the inflation rate is constant. Write down this number on a piece of paper because you will need the information for a subsequent question.

  Federal funds rate

How is this shifting of AD curve going to affect the price level and output level of the economy.

  The government decreases current taxes

The government decreases current taxes, while holding government spending in the present and  the future constant.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd