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True of False:
A. The GDP deflator is a good cost of living index.
B. GDP is more volatile in the short-run than the long-run.
C. All government spending is in GDP.
D. If GDP is adjusted for purchasing power, the US usually improves its relative position.
E. The sale of primary and intermediate goods are excluded from GDP.
F. Historically, a recession generally meant GDP was falling.
The demand for cargo bikes in New Zealand is where I is average income in thousands (i.e. if average income is 50,000 I=50) a) Suppose Avanti decides to begin producing cargo bikes, and there are currently no other companies supplying the New Zealand..
The relationship between marginal revenue and elasticity is when demand is elastic marginal revenue is positive and when demand is inelastic marginal revenue is negative
Suppose the cost of producing a 30 second commercial for television is $100,000. If airtime on the evening news costs $200,000 and is viewed by 5 million people, what is the advertising cost per potential customer?
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Suppose a tax cut affected aggregate demand and aggregate supply. The shift in aggregate supply would make the
Two firms compete for consumers who have aggregate Demand x=100-2P. Both firms have constant marginal costillustrate both firms' best response functions & indicate Illustrate what the outcome is for each firms'.
A firm expects to earn $14,000 a year on $112,000 investment. Calculate the expected profit rate. Show work. This firm would be willing to make this investment provided the interest rate is lower than what?
A sample of human resource executives was asked how their company planned to change their work force over the next 12 months. a categorical response variable showed 3 options: add employees, no change, lay off employees.
One year ago a machine was purchased at a cost of $2,000, to be useful for five (5) years. However the machine failed to perform properly and has cost $200 per month for repairs, adjustments, and shut-downs. A new machine designed to perform the func..
Explore in particular how the firm responds to the macroeconomic conditions in terms of the stock performance, current also future sales revenue, current also future profits, and worker costs also hiring decisions.
If the EU and the United States continue to trade what do you think will characterize goods which the EU exports to the United States and the goods that the United States exports to the EU.
Illustrate what is the name of this type of industry. What is firms and concentration ratio.
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