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Assuming the economy is operating at equiilibrium, predict what happens to the equilibrium price level and quilibrium real GDP as a result. And explain why.
a. preductivity increase
b. an increase in the labor participation rates
c. a significanty lower marginal tax rate
d. an increase in population
e. a decrease in givernment spending
f. an improvement in ecpectations about the future economic outlook.
Many businesses claim that the threat and cost of being sued for damages is a very expensive cost of business. So, one one side, there is the argument that caps, etc. will help businesses keep open. On the other side is the issue of accountability. I..
The national debt is now $8,700,000,000,000. If the population of the United States is 300,000,000 what is each citizen's share of this debt? The national debt is rising at the rate of 1.69 billion dollars per day. Explain how much is each citizen..
In January, root beer and orange soda each cost $1 a bottle. Judith's income is $20. She buys 5 root beers and 15 orange sodas. In February, the price of root beer falls to 50 cents, the price of orange soda increases to $2 and Judith's income remain..
Why do some believe that the world needs a global bankruptcy court to deal with unsustainable sovereign debt? Why does Jeffrey Frankel argue that “it takes more than two to tango” with respect to the 2014 events concerning Argentina’s default 13 year..
The car company pays 40,000 to the steel company to buy the steel and pays its workers 40,000 to make the cars, which were then sold to consumers for 120,000. Using the production gof final goods approach, how much is the GDP in this economy?
Holding supply conditions constant, the costs of regulation fall wholly on producers when: a. EP = 1 b. EP => 1 c. EP = d. EP = 0 22. A 100% markup on cost is equivalent to a markup on price of: a. 25% b. 33% c. 50% d. 100%
You have made arrangements to borrow $1,000 now and another $1,000 three years from now (End of Yr 3). The obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and four are 10%, 12%, 12%, and ..
Draw the demand and supply curves for the market for pediatric visits. Label the curves and the axes with titles, and calculate and label the equilibrium price and quantity.
Write a book review about the book "The Death of money" written by James Rickaeds.
Does overvaluation (undervaluation) of As currency reflect a major capital inflow (outflow) into country. What can you find with respect to financial account of balance of payments to substantiate that interpretation.
A manufacturer has been selling 1600 television sets a week at 370 dollars each. A market survey indicates that for each 36 dollars rebate offered to the buyer, the number of sets sold will increase by 60 per week. Find out the demand function.
Suppose Frank is a monopolist in the garden gnome market and is producing his profit-maximizing level of output. Suppose further that at this level of production his average total cost is $150, his average variable cost is $130, and the price of one ..
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