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Science of Macroeconomics,Data of Macroeconomics, National Income, Money and Inflation.
Test will have 20 sample multiple choice and 4 short answers. You will have 1 hour to do . I will upload 4 short answer first and after 25 min i will upload the 25 multiple choice. You can send me back the 4 short answers after 30min of test and the multiple choice after the last 30min. Please make sure you do well the short answer because worth 60 % of the test.Its most important for me to get full points in the 4 short answers but i want the best score of course.
example of 1 multiple choice:
The inflation rate is the
A) measure used to calculate the price level.
B) measure used to calculate the cost of borrowing money.
C) percentage increase in the average level of prices.
D) percentage increase in the average level of wages.
Provide the demand curve in part a, what is the equilibrium price and quantity. If consumer income increases to 30,000 what will be the impact on equilibrium price and quantity.
Begins with the economy at potential GDP, a war in the Middle East pushes up energy prices temporarily. The Fed expands the money supply to accommodate the inflation.
Illustrtae the marginal product of labor.
The opportunity price of an investment is the real rate of interest, and that's why investment demand depends on the the real interest rate.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Elucidate how have these policies affected the prices of the product the industry produces?
Clipit utilize this advantage to be the first to choose its profit-maximizing output level in the market.
If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates remain constant for the next five years, what will be the population and GDP levels in five years? Please show your work.
Explain why this strategy may in fact, be rational Also, identify at least two other strategies that might permit Argyle to earn higher profits.
Dell Electronics just stumbled upon a new supplier of personal computer (PC) circuitry in Costa Rica that can supply standardized computer inputs at $70 per PC.
If the indurtry can pay only one of the six salary levels shown, which should it choose? How many workers will it employ?
Assume the rural wage is $1 each day. Urban modern sector employment can be obtained with .25 probability and pays $3 each day. The urban traditional sector pays forty cents each day.
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