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Price ceiling sets a maximum not illegal price that a seller may charge, typically placed below equilibrium. What do you think of a government placing a price ceiling the next time gasoline prices rise above $4.00 a gallon?
Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
Provide two terms which you have heard in the mass media, political arena, or in any other venue.
Illustrate what is the relationship among the variable selected and the economy. What trends do you see in the data sets.
Depends on what you perceive as the results of free trade agreements such as NAFTA, would you recommend that President Obama continue on the path.
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
Write down the relationship between savings, capital formation, and consumption.
A child of a wealthy family is deciding either to work or not work also mooch off her parents. Asume that she is offered a job which pays.
Given an MPC of .8, if the C+I equilibrium level of aggregate expenditure is $600 billion, then government expending of $50 billion is included, Determine new equilibrium level of aggregate expenditure?
The Joe firm is experiencing financial problems. Its dividends and earnings are falling at a constant rate of 7 percent per year. It's stock just paid a yearly common stock dividend of $1.50 per share;
Illustrate what would you expect BRL-USD to do and by how much in one year.
Briefly explain in words the sequence of changes that occur as the two economies move from no trade to free trade.
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