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In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumptiongoods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
You do not like this as it will be possible for the large money center banks in Washington, Las Vegas to open branches in your banks geographic market area.
Which type of firm faces the most elastic demand curve? In which of market structures are firms able to earn both accounting and economic profits in the long run?
If there is no currency drain and all funds loaned out by this bank are deposited back in this bank, what are the bank's excess reserves, if any, after the new deposit has been made and how much new loan this bank might be able to create.
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Illustrate what has happened to the price and quantity of the substitutes and complimentary goods/ services for your selected product over the last year.
In a situation in which a gift certificate leads a consumer to purchase a greater quantity of an inferior good than he or she would consume if given a cash gift of equal value. Is this always the case
If the customer is rational explain how can use affect their economic decisions
You estimate that the price elasticity of demand for clinic visits is ?0.25. You anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per ye..
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary.
Think a proposal required all workers to provide each employee with health insurance. if a proposal would require all employers to give each worker health insurance,
Consider a country where the velocity of money is constant. Real GDP grows by 3% per year, the money stock grows by 4% per year, and the nominal interest rate is 3%.Using the approximate Fisher Equation what is the real interest rate in the economy..
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