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Home price escalation in the U.S. during 2005 fuelled booms in:
A. Iraq and Afghanistan
B. stocks of dot com start ups in Silicon Valley and U.S. government bonds
C. home building and home equity lines of credit
D. mortgage foreclosures and home demolition
The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?
If the government imposes a tax on the production of cars, which of the following will occur in the market for cars.
Suppose autonomous consumption is $500, government spending $1,000, panned investment is $1,250, and net exports are -$250 and the MPC is 0.8. What is the equilibrium value GDP?
A also the new allocation B. Include indifference curves that is consistent with this trade being optimal for both Michael also Tony.
If betty produces nothing but good y, her output of good y is 20 units. She works 5 hours a day. Her opportunity cost of producing a unit of good x is 2. if betty specializes in the production of good x, what is her daily output of good x?
If you are running a bake sale and increase the price of your cupcakes from 1$ to 2$ what will happen
Explain your answer statements be true at the same time. The unemployment rate in Tappania is higher now than it has been in 50 years.
What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a-bQ and the marginal cost is constant across firms, i.e. mc1 = mc2 = c. You may consider for two fir..
Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?
Illustrate what monetary policy tools should the Fed use to achieve the results you recommend.
The principle of opportunity cost is that
Second, it will not reduce bene ts for the rst $3,000 earned by the workers. After this, it will reduce bene ts at a reduction rate of 50%. Draw the budget constraint facing any worker under the proposed new program.
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