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Which of the following is most likely to lead to an increase in the value of the dollar?
a. increase in imports to the USA
b. increase in US interest rates compared to foreign interest rates
c. decrease in exports from the US
d. decline in US interest rates
Consider a perfectly competitive market with an upward sloping market supply curve. Explain the effects of a decrease in supply for the equilibrium price and quantity as well as the total amount of spending. How does the answer depend on the nature o..
you have been hired as a consultant by your local mayor to look at the various market structures. your role is to
A perfectly competitive firm encounters the following monthly costs and price. What is the fixed cost of this firm? What is the optimal output of this firm?
Write down the difference between Equilibrium price and Equilibrium quantity. What role does elasticity place?
Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further suppose that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
IS Curve Exogenous Variables and Parameters Given the values in the table above, the real interest rate r = ________ when equilibrium output Y = 15.
Sam and Julie are talking about how much they like going to the fitness and how much they like eating out at their favorite restaurant. A session at the fitness costs the same as a meal at the restaurant. Sam says that, for his current consumption..
Using an aggregate supply diagram and aggregate demand or model of the economy, graphically explain and discuss the short-run and long-run effects.
A supply schedule (or function or curve) defined analogously shows the total quantities (Q) that sellers are willing to sell at various prices (P) in a given period of time. One very special case is that of a fixed supply, where the quantity supplied..
q. we observe that the equilibrium price of a cup of coffee sold in cafes rises but the equilibrium quantity i.e. cups
Hansong Electric manufactured a nuclear centrifuge that produced 1500 liters per hour of solution for $40,000 five years ago when the cost index was 120. Today the cost index is 300 and Hansong wished to produce a new centrifuge that has a capacity o..
suppose that at the same time as this demographic change occurs more college students decide to major in nursing. use a
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