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What would happen to the demand curve in each of the following cases:
a. income rises
b. the number of customers rises
c. the number of substitutes increases
d. people expect that the price of the good will decline in the near future
e. people expect that the price of the good will rise in the future
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil
Elucidate why labour force participation rate for two groups might differ. Why might human capital choices differ between selected groups.
Using simple money multiplier, calculate total change in money supply resulting from $1000 initial deposit. Explain how would hold this level of excess reserves affect total change in money supply.
Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax.
Calculate the equilibrium interest rate by setting the demand for central bank money equal to the supply of central bank money.
Discuss and explain similarities and differences in the roles economists play as policy makers and as scientists.
In 1980, Stewie bought a Walkman for $29. If the price index was 25 in 1980 and the price index today is 129, then what is the price of the Walkman in today's dollars?
What are the three tools involved with balance of payment details? What are some of the impact the Federal Reserve actions have? What are the types of tariffs?
Illustrate what is the optimal production quantity measured in thousands of bushels of Texas Citrus Company in the short run.
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but in which firms are operating below their minimum efficient scale.
Suppose that full-employment (and full-capacity) output in an economy is $200. If Ca is $150, lg is $50, Xn is -$10, and G is $30, what will be the macroeconomic result?
Cash versus Stock Payment [LO3] Penn Corp. is analyzing the possible acquisition of Teller Company. Both firms have no debt. Penn believes the acquisition will increase its total aftertax annual cash flows by $2 million indefinitely. What is the cost..
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