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A college graduate is $24,000 in debt from her loans. The interest rate on the debt is 0.75% each month. The monthly payments are $432.61. How many moths will it take to pay off the debt?
One group of economists, the monetarists, look at the equation of exchange and say that the Fed should simply increase the money supply by an annual rate equal to the long-run growth rate of the economy. Explain the effect that such a policy is likel..
The company wants to replace office equipment like machines and computer at assorted times over the five year planning period.
Discuss an industry that would meet the conditions of a perfectly competitive industry and how the individual firms would respond to an increase in the market demand for the product.
At the equilibrium market price, each firm produces 20 units. What is the equilibrium market price, and how many firms are in this industry?
What factors influence a firm's competitive strategies? How would global competition affect those strategies? Use examples to support your answer.
Decrease DEMAND (finding alternatives to oil). Graph how these two changes will bring about lower gas prices. Which school of thought do you subscribe to?
Provide examples of two industries with different time frames for the short run. Clarify why this is the case.
New safety regulations increase manufacturers’ costs of producing insulation. What happens in the market for insulation as a result?
Which of the following is true concerning production in a free market economy? Which of the following represents how private property rights act as incentives in a free market economy?
Suppose that demand for a product is Q=140-6P and supply is Q=2P-20. Furthermore, suppose that the marginal external damage of consuming this product is $4 per unit. Does it result in under consumption? Or over consumption? How many more or less unit..
Suppose for a moment that someone with legislative power decides to abolish Fractional Reserve Banking and passes a law that forces banks to only lend the money they own, that is M0. What would be the economy-wise implications of such a change in the..
At the 2014 G20 conference in Canberra, U.S. Secretary of the Treasury, Jack Lew, warned that the euro zone economies face a decade of economic stagnation unless their economic policies change and that the “world economy could not afford a European l..
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