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The diamond-water paradox can be explained by suggesting that the price of a product is determined by:
a) consumer surplus.
b) consumer incomes.
c) marginal utility.
d) diminishing marginal utility.
Given that the CPI was 17.1 in 1929 and 184 in 2003, how much would you have to make in 2003 to have the same real hourly wage?
Which of the following assets or liabilities fit the one-year rate or repricing sensitivity test?
Suppose the simple spending multiplier equals 10. Estimate the size and direction of any shifts in the aggregate expenditure line, the level of real GDP demanded,
Compare the conditions necessary for efficiency for a pure public good with a private good.
calculate the annual worth years 1 through 7 of merchant truckingcompanys cash flow. use an interest rate of 10
Briefly explain the tools that governments have to move the economy from either a recessionary or expansionary gap to the long run equilibrium level.
10. If Rd = 300 - 40 iff, given the information above, what is the market clearing federal funds rate? Assume that this is the target for the federal funds rate. Show all work. NOTE: To calculate the market clearing federal funds rate, you first need..
Make an example of a comparative advantage model by 'choosing two countries and two products.
Macroeconomic analysis deals with the crucial issue of government involvement in the operation of "free market economy." The Keynesian model suggests that it is the responsibility of the government to help to stabilize the economy. Stabilization poli..
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.8 percent and your real income rose by 1.1 percent..
If a country imports more than it exports, describe three methods that residents of that country have to pay for the extra imports from foreign producers (i.e. changing ownership of assets or liabilities).
In Keynes’s analysis of the speculative demand for money, what will happen to money demand if people suddenly decide that the normal level of the interest rate has declined? Why?
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