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Aggregate demand / aggregate supply
Please help me to solve I am having difficult understanding some of them.
For each of the following state whether you would draw an aggregate demand or aggregate supply diagram and predict what shift each situation would cau.se in the AS or AD curve and why so. Assume full employment at the starting point in each case.
a. The Bank of Canada decreases interest rates.b. The Canadian government increases spending on new programs.c. A booming economy in the United States increases Canadian exports.d. Canadian corporate tax rates are reduced.e. Canadian personal income tax rates increase to help fund the public debt.
Explain are there any present events in the news that you can directly link to concepts or theories covered so far.
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
Compute the own price elasticity of demand whenever the price goes from $5 to $4.
Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
Describe briefly why time lags in discresionary fiscal policy can adversely affect the efforts.
Illustrtae which single type of product has the greatest impact on your employer
At the management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns". Is this statement correct? If so, why? If not, explain why no..
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
Explain how it affects industry's margins forcing them to push up their product sale price etc.
Which of the followings tends to occur during recessions Cyclical unemployment tends to fall The stock markets tends to surge (experience a rapid rise in prices) Interest rates tend to fall Gross Domestic Product rises Consumer ..
According to a recent article in the Wall Street Journal, side-impact crashes are among the deadliest, accounting for nearly 10,000 deaths per year.
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