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Community Colleges desired to increase revenues. They decided to raise fees paid by students with Bachelors degrees to $50 per unit because they believed this would result in greater revenues. But in reality, total revenues fell. Therefore, the demand for Community College courses by people with Bachelors degrees must have actually been:
a. relatively inelasticb. unit elasticc. relatively elasticd. perfectly elastic
The affordable care act madates that everyone buy health insurance or face a penalty. This policy is likely to mitigate the adverse selection problem in health insurance markets, but its likely to add to the moral hazard problem of insurance marke..
What does gross domestic product tell us and How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Two principles of economics that help describe how wages are determined in a market economy, Think these principles when completing the project. Think of how they apply to labor market for nurses.
Suppose MPC=0.75 and the government pay for the new spending of 100,000 by increasing taxes by 100,000. Calculate the new Y. Could you provide the answer with specific formulas if possible?
When inflation occurs some economic agents gain and some lose. Who would gain and lose if deflation occurs Why What will happen to interest rates and investment according to Keynesian and Classical/ Monetarist theories
illustrate what it implies for the relationship between labour supply and productivity growth.
Using a money market diagram and a diagram of aggregate demand and aggregate supply, explain how the Reserve Bank of Australia (RBA) can eliminate an inflationary gap.
Write an equation that expresses the money supply multiplier (for M1) in terms of its three determinants.
What allows companies to distribute the same prescirption drugfor two different prices? Why dont competitiors undercut theirprice in the Western countries (i.e. United States)?
a has 1.5 million in sales a lerner index of 0.57 and a marginal cost of 50. the firm competes against 800 other firms
Discuss how rapid inflation can undermine money's ability to perform each of the three functions.
Would you have been less likely or extra likely to borrow the money if they had known the true inflation rate? Who was hurt by the fact that the actual inflation was not equal to the expected inflation rate, the lender or the borrower?
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