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Q. Assume that a household in a two-period model has income of $30,000 in period 1 and $25,000 in period 2, and the interest rate is 75 percent. Assume that the price of the good is $1 in both periods. Assume that the household decides to consume 26,000 in period 1 and 32,000 in period 2. Now Assume that the interest rate falls to 50 percent, and the household decides not to borrow or lend at all. Is the household better off or worse off with the higher interest rate?
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
Why is monitoring and controlling the project cost important for the success of the project.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
Suppose that you are in a committee meeting of the United Nations
Calculate a marginal cost as well as an average cost schedule for the firm.
Will the brothers gain if they specialize. Illustrate your answer with an example.
Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.
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