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The economy has two sides. One side is the aggregate demand side.
1. Elucidate the relationship between the price level and the quantity demanded of Real GDP.
2. Draw and AD curve. Label each axis
3. List the reasons why the AD curve is sloped downward.
What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.
One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.
Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model.
Illustrate what Monetary Approach Tools should the Federal Reserve utilize to fight inflation. Describe them thoroughly.
The president of the United States announces in a press conference that he will fight the higher inflation rate with a new anti-inflation program. Predict what happen to interest rates if the public believes him.
Does the lender gain or lose from this unexpectedly high inflation. Explain does borrower gain or lose.
What is the expected profit of simultaneously pursuing both programs.
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
Suppose the distribution of innate ability is distributed symmetrically throughout a population but which the wage distribution is positively skewed.
Illustrate what is the most money you can make on this position. Elucidate how far can the stock price move in either direction before you lose money.
The zinc also copper monopolists every set a price, believing that the other monopolist will not change its price. Conclude the equilibrium price of brass.
English is becoming the usual language for international transactions, even if the language of neither country is English.
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