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1. Crowding out results in a decrease in
A defence spending
B private spending
C Government spending
D transfer payments
2. A house is 100,000 dollars, a computer is 2,000 dollars, a car is 20,000 dollars. In this context money is pricipally functioning as a
A unit of account
B store of Value
C Medium of exchange
D None of the above
Why does a regular/individual supply curve slope upward? Does aggregate supply (AS) curve slope upward because of the same reason(s)? If no, why does it slop upward?
Suppose the price elasticity of demand for heating oil is 0.2. If the price of heating oil rises from $1.80 to $2.20 per gallon, what happens to the quantity of the heating oil demanded? use the mid-point method.
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets. The production manager of Bavarian Crystal Works estimates total and marginal production costs to be TC = 10,000 + 40Q + 0.0025Q2 and MC = 40..
You are the manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. Compute the total revenue, the total cost, and the profit at the..
In what ways did society influence consumer's spending habits? Could consumers themselves have done anything to prevent from being caught in the debt trap? Why or why not?
Increase in demand and increase in supply will lead to?:
What are The Bill of Rights and who pushed for them to become part of the US Constitution? What would have happened if The Bill of Rights was not added to the US Constitution?
q.south korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. the u.s. can
The 1990s boom was followed by a recession in 2001. The Fed responded by using the tools of monetary policy. Identify two different monetary policy tools (or “mechanisms”) that the Fed might have used and explain how they work.
Using the value of MPC = 0.75, and knowing the difference between the values of expenditure multiplier and the tax multiplier), Estimate the increased level equilibrium aggregate output (RGDP) with a total tax rebate (reduction) $400 billion.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
Illustrate what would be a reasonable breakdown between private sector vs. public sector spending for an increment of $1. Are we talking $0.8 from private and $0.2 from public or would you suggest a bigger swing either way.
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