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Presume that during the past three years, equilibrium real GDP in a country rose steadily, from $450 billion to $500 billion, however even though the position of its aggregate demand curve remained unchanged, its equilibrium price level steadily declined, from 110 to 103. What could have accounted for these outcomes and what is the term for the change in the price level experienced y this country?
Calculate the annual cost to the entire industry from the closures and calculate the consumer surplus for the number of visitors
1. the short-run aggregate supply curve shows how cause output to rise.nbspa. increases in inflationb. decreases in
The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, How will a successful campaign that decreases the supply of drugs influence the price
Assume that all firms in a perfectly competitive market structure are in long run equilibrium. The demand for the company product rise.
what do you mean by a social welfare function? if you assume that such a function exists what properties of social
1 which of the following statements is true about investment? a planned investment must always equal actual investment
assume that from the initial consumer equilibrium position price of good x falls while price of good y remains the
Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers: a. workers with low marginal labour productivity; b. workers seeking jobs that are typically unionized
the steel industry has been lobbying for high taxes on imported steel. russia brazil and japan have been producing and
Discuss how is the liquidity money (LM) curve derived and determine what impacts it and how does it impact the global economy? Provide examples and support your claims.
on what does the domestic currency price of a nation's imports depend? what would happen to the domestic-currency price of a nation's imports increases and the nation's currency depreciates?
The Pension Benefit Guaranty Corporation (PBGC) is a government agency that absorbs pension obligations when a company goes bankrupt or otherwise cannot fulfill its pension obligations to current or former employees. Where is the moral hazard in ..
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