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Draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP. Be sure to label all lines and axes in your diagram clearly.
science of macroeconomicsdata of macroeconomics national income money and inflation.test will have 20 sample multiple
1. a competitive industry currently consists of n 10 identical firms. an individual firms total cost function is given
4.wheelco a foreign corporation manufactures motorcycles for sale worldwide. wheelco markets its motorcycles in the
many professional sports athletes have incentive clauses in their contracts. these indicate tha a the team owner has
1-define cross-price elasticity including substitutes and complements.2-provides a logical explanation of the
suppose the cost function is cq 50 q - 10q2 2q3. what is the marginal cost of producing 10 units? my teacher said it
assume that next year research in motion sells off its interest in tip communications one of its subsidiaries.
1.the production possibilities curves above show all the possible combinations of helicopters and scooters that two
consider the market for fire extinguishers.a. why might fire extinguishers exhibit positive externalities?b. draw a
why would a state or local government establish a capital projects fund? what type of project might be considered a
Evaluate the price and the output information in the following table. Calculate the related total revenue and marginal revenue.
What is the value of the marginal propensity to consume and calculate the equilibrium level of GDP - what is the value of the government purchase multiplier?
benefits Does government intervention improve the situation. analyze the effects of the following government policies on the market equilibrium. Increases in the Minimum Wage Restrictions on International Trade Pollution Controls Natural Monopolie..
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using standardized test scores inconsistent
How would a communist economy, a market economy and a mixed economy react to technological changes? How wold they react to social changes? What is the role on nature in these three economies?
In spite of the fact that firms do not make payments on resources they own, these resources still have an opportunity cost. How is this possible, and
A purely competitive firm's output is such that its marginal cost is $4 and marginal revenue is $5. Hint: remember that MR = P for Pure Competition and the Profit Maximizing rule. Assuming profit maximization, the firm should
Suzy is considering opening a restaurant. To do so, she would have to quit her current job which pays $20,000 a year and use her own car which she currently leases out to her brother for $2,000 a year.Her expenses at the restaurant would be $60,000..
Assume Springfield's economy moves into a recession and Y falls to $9 and increasing unemployment allows widget makers to decrease wages to $18 per hour.
Explain how is the current account related to a country's business cycle. What is the relationship between a country's net financial inflow and its current account.
I know that Market Failure occurs when markets lead to inefficiency. But what are the reasons that cause Market Failure.
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