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For each of the following events, state whether the aggregate demand curve would increase, decrease, or stay the same.
If the Price level Increases, the aggregate demand curve will ______________.
If government purchases increase, the aggregate demand curve will ______________.
If state income tax increases, the aggregate demand curve will ______________.
If interest rates increase, the aggregate demand curve will ______________.
If there is Faster Incomegrowth in other countries, the U.S aggregate demand curve will __________.
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
Article may originate from the internet however please provide the link to the particular article you are reviewing.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Let's say you live in Montana and you like to ride mechanical bulls in bars on Friday nights. You estimate that over the next year there's a 4% probability you will incur medical bills of $20,000
Vulnerability Analysis
Compute total revenue, marginal revenue, total cost and profit at each quantity. What quantity would a profit-maximizing publisher choose? What price would it charge?
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
Suppose that in response to learning that some sick individuals were denied health insurance, the government mandates that insurance companies must offer insurance to everyone at unregulated rates.
Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.
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