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Draw a production possibilities curve (PPC) with an aggregate measure of medical services Q, on the horizontal axis and an aggregate measure of all other goods and services, Z on the vertical axis. Discuss the implications of the following changes on the quantities of medical services and all other goods
A movement along the curve
A movement from the interior of the curve to a north easterly point on the curve.
An increase in the quantity of labor on the economy
a machine is purchased for 150000. revenue for the first year was 50000. over the total estimated life of 8 years
discuss how the actions of the federal reserve specifically an increase or decrease in money supply affect the other
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the us navy is building an aircraft carrier. price 12 billion. there are about 300 million people in the us. suppose
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Suppose the commercial banks keep no excess reserves, and people deposit all their money they receive into the banking system. Suppose the required reserve ratio is 0.05 (5%). Suppose the Federal Reserve wants to increase the monetary base by $2,000,..
what policy did the fed and other central banks around the world use to try to stabilize the economy during the
Calculate the annual cost to the entire industry from the closures and calculate the consumer surplus for the number of visitors
What are the equilibrium quantities when the nations trade freely at price of $15? Explain your answer
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