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If nominal GDP in some year is $280 and real GDP is $160. The GDP price index for that year is: (Hint: Here you are given the real GDP, nominal GDP and you are solving for the price index of that year. To do it, use the price index of the base year, 100, as the numerator of the fraction you will multiply nominal GDP by
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm Tile King.
Compute the coefficient of variation for each project and Classify the preferred project according to this criterion.
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
What does it mean when asked; what are some considerations to remember given the different roles and people in the audience.
What were there reason why IMB lost it advange over the computer world.
Illustrate what is the value of the money multiplier. What is the value of the nominal money supply. What are the nominal values of deposits, currency, and reserves.
Why do Caterpillar and your parents have different opinions about the value of the dollar.
It is possible for a company with positive retained earnings to be unable to pay cash dividend since they may not have the cash supply.
What do you think that Apple's ability to control the pricing of downloaded song is likely to change in the future.
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