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Calculate the value of 2013 production in 2012 prices and the percentage increase in production when valued at 2012 prices.
Mention the four assumptions for the Monopolistic competition model.
List three factors that can change the economy's potential output.What is the impact of shifts of the aggregate demand curve on potential output?Illustrate your answers with a diagram.
For the argument in favor of state subsidies, draw (by hand is OK, but make sure it's neat) a supply and demand diagram that shows the positive externality, the effect of the subsidy, the market outcome, and the socially optimal outcome.
List out also describe the firms in the industry. Discuss the product, production methods, scale of production, and sources for raw materials.
a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many b..
A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is $0.5.
Define a preliminary scope statement for a project to build a simple interactive website for this class. The website should be accessible only by current students and instructors.
Two identical countries, Alpha and Beta, can be described by the IS-LM model in the short run. The governments of both countries cut taxes by the same amount. The Central Bank of Alpha follows a policy of holding a constant money supply. The Centr..
Using the simple Keynesian model to assess the implications for equilibrium GDP and the level of savings of an increase in the savings function. What eventually happens to the level of savings? What would happen to equilibrium income if there is a su..
Calculate the effect on the Canadian dollar of a decline in Canadian interest rates to 3% assuming that interest parity holds and Derive expressions for the IS and LM curves in this economy, in each case with the world real interest (rw) on the left..
Your employer has just assigned you to a six-month project in Europe and you leave next week. You have just decided to list your house for sale and you have an agreement with ABC Realty to market your house. You need to appoint someone to act as ..
Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy
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