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GENERAL: This exam will cover the material from throughout the economics. That is, anything is fair game but the questions will be overweighted toward the material not addressed in the earlier quizzes.
Exchange and markets
Demand supply and market equilibrium
Measuring a nations production income
Unemployment and inflation
Aggregate demand and aggregate supply
Fiscal policy
The income expenditure model
Investment and financial markets
Dynamics of inflation and unemployment
Elasticity
Monopoly and price discrimination
Public goods and public choices
Labor market income and poverty
Monophony
Why or why not Also, there are several theories about the reason one yield curve is shaped the way it is and why it changes from time to time. What are they Is there one that you believe explains the shape better than the others
Compute point price elasticity of demand for this product.
Illustrate what options do Americans have in protecting their Social Security and dealing with these issues? How are these done on the microeconomic level.
Kimberly has basic living expenses in addition to a student loan.She never knows what her monthly income will be due to the commissions.what advice can you give her to help her meet her goals.
Tony Soprano borrowed $200,000 from his "Shylock" friend Herb to cover his gambling losses. The "vig" is 1.5 points (%) per week. What are the nominal and effective interest rates?
Explain how does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero.
Compute the arc cross-price elasticity of demand among beverage sales and appetizer prices.
Federal Reserve banks do all of the following except one. Which is the exception and today financial intermediaries do all of the following except one. Which is the exception?
Describe and graph (using AD/AS framework) an example in today's news of fine tuning economy. Assume the MPC in an economy is 0.8, the APC is 0.8 and disposable income is $9 billion. If disposable income increases to $14 billion, what is the new le..
Suppose that society decided to reduce consumption and increase investment. How would this change affect economic growth? What groups would benefit from this change? What groups might be hurt? Justify your answer.
Explain why should a government be concerned with the pricing of products that a company transfers.
The boat will be used for wakeboard instructing and will generate revenue of $100/hour. One instructional trip will use 4 hours on the boat's engine. Draw and simplify a cash flow diagram that will help you determine how many trips it will take to..
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