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What is the effect of an increase in Government Spending on Bond Prices in the Short Run? (To improve your understanding of the IS-LM model, try to answer this question by showing the equilibrium change in the Goods Market, the Money Market, and the IS-LM market after the increase in government spending.)
A good without any close substitutes is likely to have relatively _______? demand, because consumers cannot easily switch to a substitute good if the price of the good rises.
The US Department of Transportation has decided to invest in electric vehicles over the next 10 years. They will fund $0.5 million in year 1, $2 million in year 2, $3.5 million in year 3, $5 million in year 4 and $6.5 million each year thereafter. Gi..
During the same time, total annual movie admissions have barely changed. What cost factors can explain this trend? In addition, what demand factors might be also be relevant?
For each of the following approaches that an economist might follow in examining a decision making process, identify whether the approach relies on the rationality assumption or on the assumption of bounded rationality.
it goes on to say that using 3 tools federal reserve manipulates the demand for and supplies of balances those
(a) Alalyze full the assumption of "homocedasticity" of a CLRM. Moreover, which are the differences wit heteroscedasticity? (b) Analyze fully the assumption of specification bias and use an example to show your intuition.
Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
Illustrate what is the relationship between marginal revenue also marginal cost as the firm increases output?
New research suggests that cholesterol may not be as unhealthy as previously through. if so what will happen to the demand for eggs a high cholesterol food?
The minimax regret approach is
Assume that utility over two goods is given by U(x1,x2) = 0.3lnx1 +0.7lnx2. The price of good x1 is equal to p1 and the price of good x2 is p2. The total income of the individual is given by I. Write down the budget constraint of this person. Calcula..
Identify and discuss other factors, including structural and social, that have contributed to increased income inequality and indicate the approximate percentage of income inequality for the top two or three causal factors as related by Lindsey.
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