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Hyperinflation: Although inflation is always and everywhere a monetary phenomenon, explain why the initial source of a hyperinflation is typically related to the fiscal policy.
Assuming which the budget stays the same except for the interest on the debt for 10 yrs which will be accumulated debt
When firms have an incentive to exit a competitive market, their exit will. If a perfectly competitive firm currently produces where price is greater than marginal cost it. If a competitive firm’s sets its output such that marginal revenue, margi..
suppose that the carnival and the circus have both come to town and are both o?ering free admission. you have 6 free
The Toyota Prius broke open the market for hybrid cars. How did Toyota's rivals react to the introduction and success of the Prius? What evidence is there that Toyota has taken rivals' reaction into account when planning its marketing strategy?
if Bob bids $ 5, Alice bids $ 6 and Bob n passes, Alice gets $ 20 and pays $ 6 to auctioneer and Bob pays auctioneer $ 5. Both have $ 100 to bid. What is optimal strategy.
Suppose the economy is in equilibrium when there is a change in environmental policy that bans all pesticides and herbicides on farmland. We would expect to observe
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.
The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with no tax on luxury boats, the price is $1 million and 240 luxury boats a week were bought. Now luxury boats are taxed at 20%. What is the price that ..
"Some people with diabetes absolutely need to take insulin on a regular basis to survive. At the same time, pharmaceutical companies that make insulin could find a lot of other ways to make some money. If the U.S. government imposes a tax on insulin ..
What is likely to be the effect on the current exchange rate if the interest rate on the 60 day pound denominated bonds declines to 8 percent, and the dollar interest rate and the expected exchange rate are unchanged?
Analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a country during a natural disaster.
Assume that two firms sell differentiated products and face the following demand curves: q1 = 15 − p1 + 0.5 p2 and q2= 15 − p2 + 0.5p1 (assume marginal cost is zero) Derive the best response function for each firm. Do these indicate that prices are s..
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