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Q1. Ellie and Vince is a married couple, Explain how would you expect each of the following events to affect the amount they save each month?
Q2. John has 40 gallons of gasoline (G) and 20 bags of sugar (S). For that market basket, John's MRSSG is 3G/1S. Maria has 40G and 50S. For that market container Maria's MRSSG is 1G/1S. Use a numerical example to elucidate how a trade can benefit both of them. Illustrate the trade by using an Edge worth box diagram. Explain that how both consumers can reach higher indifference curves.
Explain how to encourage people to spend more to increase aggregate demand and create employment possibilities.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
q. 1. briefly summarize the ingredients determinants of economic growth.2. what phase of the business cycle is the u.s.
Illustrate what is the value of the equilibrium exchange rate. Assume the demand for dollars increases by 300 billion at each exchange rate.
Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.
limit popular influence without destroying popular sovereignty. Illustrate why the framers wanted to achieve each of these objectives and how the Constitution does so.
Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year?
When the exchange rate falls by more in the short run than it does in the long run when the money supply increases, it is called.
What is the equation for the AS curve. What restrictions on the parameters do we need to ensure that AS curve has a positive and nite slope.
Elucidate unemployment in relation to the Phillip's curve with an appropriate sketch.
If lots of people want Euros also Euros are in short supply also a few people want Japanese yen also yen are in plentiful supply the euro is likely to.
Assume consumer tastes shift toward the consumption of apples. Which of the following statements is an accurate description of the impact of this event on the market for apples.
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