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Goods and services sold in black markets, such as illegal0 drugs, are generally not included in GDP.
Does this lead to misleading comparison between countries?
Should these activities be included as a positive or negative in GDP?
Illustrate what is the difference among the multiplier in a closed private economy also the multiplier in a mixed open economy.
Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1954? Check all that apply
According to the Keynesian view “Businesses will undertake all investment projects for which the expected rate of profit equals or exceeds the interest rate.” Explain what this means.
Under what conditions would firms be likely to support an industry-wide advertising ban. Please provide a few examples.
Suppose there are 30 identical hot pretzel stands operating in New York City. Each stand has usual U-shaped average-total-cost curve. Market demand curve for pretzels slopes downward and market for pretzels is in long-run competitive equilibrium.
The optimal capital structure is the mix of debt, equity, and preferred stock that minimizes the company's cost of preferred stock.
Which of the following is NOT the factor affecting how elastic a demand is?
how much should you be able to get if you sell your future inheritance to the Neopolitan Bank (or any other bank) right now? Explain your work and why your answer makes intuitive sense.
Suppose that "0" coupon US treasuries due to mature in one year were yielding .39%, while "0" coupon US treasuries maturing in 2 years were yielding .83%. If you were a risk neutral investor who wanted to choose between these bonds the one that offer..
Assume which one company acquires all the suppliers in the industry and thereby creates a monopoly.
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
Why might M1 and M2 grow at very different rates during a given year? If excessively rapid growth in the money supply is associated with all inflationary episodes, why do central banks ever allow the money supply to increase so rapidly?
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