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Discuss the difference between a change in demand and a change in quantity demanded in terms of causes and in how they appear graphically.
a consummer has a revenue of i dollars. the prices of x and y are px and py. the utility function of the consummer is
suppose the Fed expands the money supply, but because the public expects this Fed action, it simultaneously raises its expectation of the price level. What will happen to output and the price level in the short run? Compare this result to the outc..
Let px be the price of good X and py be the price of good Y. Assume the income of this individual is strictly larger than 10px Derive the demand for good X and the demand for good Y as functions of the two prices and income.
find the current macroeconomic situation in u.s. e.g. is u.s. economy currently concerned about unemployment inflation
select a product produced in the u.s. and a foreign country which you are familiar from the e-activity. determine if
which of the following public policies restricts competition?a. licensingb. patentsc. import quotasd. all of the
In an economy there is only one output, cookies (C) which is produced with one input labour (L). The wage for labour is fixed at w per hour and the price of cookies is P. A firm in this economy has a production
consider the economic question of taxes and how they affect the economy. what happens to the economy when the
What factors can contribute to unemployment and how can technology lead to greater unemployment, or is it a benefit to the economy?
. In a sample of 300 houses, the sample average price was found to be $196,340. Assume the variance of house prices is 120,000,000. Let random variable X denote house price, and ? denote its unknown population mean, E(X) = ?. For each of the follo..
gdp grew much at a much faster4.8 percent rate in the october-december quarter but analysts said that growth masked
What happens in an multivariate optimization where the first order condition is a constant?
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