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1. Suppose the Federal Reserve begins to increase the supply of money at an increasing rate. What impact would that have on GDP, unemployment, and inflation?
2. Would a shift of AD to the right tend to make the equilibrium quantity and price level higher or lower? What about a shift of AD to the left?
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
explain increase in quantity of defense goods when there is an increase in marginal benefit.
He finds which he is overworked also which several of his research scientists seems to be spending work hours playing tennis.
International trade has pros and cons. Economists generally supports free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favour o..
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
Describe the industry and explain the general pattern of change of the particular market model.
Which of the following shifts the short-run, but not the long-run, aggregate supply right?
Suppose that a firm's only variable input is labour. When 50 workers are used, average product of labour is 50 and marginal product of labour is 75. Wage rate is $80 and total cost of fixed input is $500. Illustrate what is average variable cost. ..
Why might the U.S. have a comparative advantage in bioinformatics but not in manufacturing and steel making.
What will be the government deficit. If the government finances the deficit by issuing bonds, what amout of bonds will it issue?
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
a company that recently spent $10,000 to develop a statistical software package.
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