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If price controls are initiated, we would expect that
unemployment will rise in the short-run.
the short-run rate of inflation will be unchanged.
the rate of inflation will accelerate in the short-run.
the rate of inflation will fall in the short-run.
A firm sells 10 units at a price of 20. The marginal cost of production for this firm is MC(q)=5+q. What is this firm’s Lerner Index?
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
Alfred, Beth, and Charles orally agreed to start ABC Computers (“ABC”), a business to manufacture and sell computers. Alfred contributed $100,000 to ABC, stating to Beth and Charles that he wanted to limit his liability to that amount. Charles later ..
Suppose David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u (xy)= lnx + 2 ln y (MUx=1/x, MUy=2/y). Derive his demand functions for x and y.
In the country of Dagobah, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 percent per year, and the nominal interest rate is 9 percent. What is: The growth rate of nominal GDP? The inflation rate? ..
New buses for a mass-transit agency cost $10 million and are expected to last for 10 years with a $1 million salvage value. The buses cost $500,000 to operate and maintain each year. If the system is used for 624,318 trips per year, with the average ..
Other things equal, increasing home prices tend to:
Which of the following was not a contributing cause of the decline in investment and thus the recessionary expenditure gap occurring during the U.S. recession of 2001.
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer.
analyze the following production data and prepare a proposal suggesting how to maximize profits.
Purchasing Power Parity (PPP) implies that
Include no more than six abbreviated bulleted items for each slide in approximately 24-point font. The title slide content should include the title of the assignment, your name, your professor's name, the course title, and the date.
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