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Important information about income and consumption relationship
1. Discuss the income and consumption relationship make sure to define marginal propensity to consume. If you received an extra dollar, how much of it would you spend?
2. Why is the aggregate demand curve downward sloping? Specify how your explanation differs from the explanation for the downward sloping demand curve for a single product.
3. Explain: "Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply." In each case, specify price level outcomes
There are 10 identical firms that have the common cost function c(y) = y 2 + 9. The industry demand function is given by X (P) = 200/
Describe the current general interest rates. Is the current interest level one that promotes or retards growth in the economy.
Elucidate how each of the following changes would shift the aggregate demand curve.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Most customer oppose these laws because they find Sunday afternoon a good time to shop, however retail trade associations support these laws.
A monopolist encounters the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
Illustrate what methods does Rakuten use to make it easy for a small or medium size business to use its shopping platform.
Elucidate what should the US Congress also the Federal Reserve do about it?
Suppose a friend you know requires a mortgage loan to purchase a house. Your friend can purchase it now or wait until later and is unsure of what to do.
Elucidate the three Federal Reserve tools used to undertake a tight monetary policy.
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
It is your first day on the job at the Itty Bitty Machine (IBM) company and your new boss wants your advice. The company has invested $10 million in its new computer software.
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