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Q. Suppose nominal GDP in 2005 was $12 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 102. Between 2005 and 2006 real GDP rose by what percent?
Q. The three effects explain the downward slope of the aggregate demand-aggregate supply model: Real-balances effect, interest-rate effect, and foreign-purchases effect. Please explain each effect
Elucidate causes for shifts in supply and demand for the chosen product. Explain how these shifts in supply and demand influence price, quantity and market equilibrium.
A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, "Due to the increase in tuition, how many of you will transfer to another university.
In customer theory there are some useful analytic results that can come from studying homothetic utility functions of consumption for each.
Derive the total supply function of X for the industry assuming that the industry operated under perfect competition.
The Cognitive evaluation theory is contradictory to reinforcement also expectancy theories.
What assumptions do you make answering this question. Elucidate distortions do you think would appear in the economy if such a tax were introduced.
Depends on the evidence in this article and what you know about the economy in the United States, decide which of these statements is most likely to be true.
Dependency theory characterizes countries as being either in the center or on the periphery
When we apply 50 tons of fertilizer, the total yield is 1500 bushels. Elucidate the marginal value product per ton of fertilizer.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's also Wal-Mart.
Illustrate what might account for these trends. Compute currency in circulation as a percentage of M2.
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