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Where would each of the items be included in M1, M2, or M3? Would any of the items not be included at all in these money supplies. Why? Items: clothes, real estate, bank CDs for $1000, $100 in cash, Credit card balance of $500 and a 1968 Ford Mustang.
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year. If per capita income increases to $20,500, what..
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution
What examples of 1) elasticity, including an explanation of why or how they demonstrate the concept of elasticity; and 2) examples of externalities, again including an explanation of why or how they demonstrate the concept of externalities
How vegetarians sometimes have trouble making sure they get enough protein in their diets.
A military conflict forces the shut-down of major crude oil pipeline. World oil prices soared to an 18 month high. Show the effects in the crude oil market.
Describe how the following statements relate to the AD–AS model:
Explain how will this combined tax-transfer policy affect aggregate demand at current prices.
In a large city, a good, real-world example for perfect competition would be. A firm under monopolistic competition will earn
In 1980, per capita GDP of Rwanda was about $728 and in 2010 about $1,025. Calculate the average per capita GDP growth rate of Rwanda from 1980 to 2010.
The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P. Find the new equilibrium price and quantity after demand increases 20%. P= ___ Q=___ (Roun..
If consumers perceive several goods to be homogeneous, they believe the goods to be,
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