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Suppose that Congress enacts a significant tax cut with the expectation that this action will stimulate aggregate demand and push up real GDP in the short eun. In fact, however, neither real GDP nor the price level changes significantly as a result of tax cut. What might account for this outcome?
Twenty years ago you took out a $200,000 loan. The details of the loan called for uniform payments to occur every month for thirty years. Interest rates have dropped significantly, and you have decided to refinance the loan. If the original loan inte..
What might you reasonably expect of an industry in which firms tend to have economies of scale?
The price elasticity of demand for mopeds, in absolute value, is 0.5, by what percentage will the quantity of mopeds demanded increase if the prices fall by 10%?
An economy produces 2 goods soda a beer. Fully explain why the marginal cost function in the beer industry derives from the marginal benefits of the soda that is given up when beer is produced.
It is $16 trillion today. Does this mean that the average American is twice as well off today than in 1996? Why or why not?
What is Marginal Utility? Why does it diminish? Explain verbally and using appropriate math/symbols, the slope of the indifference curve. Write out the equation for and explain the "Consumer Equilibrium Condition", or as it is sometimes labeled, the ..
If a second McDonald's franchise, Mac Junior, was to move into Obscure City. Elucidate what is the market price that would prevail at equilibrium in a Cournot oligopoly.
q1. compare the supply and demand conditions in both locations. how many people live in each place? what is the weather
The dropout rate of minority also international students at U.S. colleges also universities are higher than it is for white American students.
What is the difference between nominal and real? Is nominal the same thing as natural? Please give examples with GDP, exchange rates, and money supply.
Elucidate how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.
In the simple linear regression model yi = βˆ 1 + βˆ 2xi + ˆei , where E(ˆei) 6= 0. Show that the model can always be written with the same slope, but a new intercept and error term that does not violate the property that E( ˆei) = 0.
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