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Q1. In long-run equilibrium assume the economy. In a short duration of time, there is a pessimistic revision of expectations about future business conditions and an unexpected rise in the value of the dollar. In the short run, we would expect
Q2. In late 2006 and early 2007, orange crops in Florida were smaller than expected, and the crop in California was put in a deep freeze by an Arctic cold front. As resulting the creation of oranges was brutally reduced. However, in addition early 2007, President George W. Bush called for the United States to reduce its gasoline consumption by 20% in the next decade. He planned an augment in ethanol which formed from corn moreover the stalks and leaves from corn and other grasses. What is the likely impact of these two events on food prices in the United States?
When the wage rate increases, individuals recognize that the opportunity cost of leisure has risen, choose to substitute labor for leisure, and thus offer to work more hours. This is called the
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
How to interpret estimated coefficient and How to count tendency ratio between one category of certain independent to or category.
1. describe the schumpeterian notion of creative destruction. how does it compare to kirzners view of the
Should the airline replace its night flight from LA with a morning flight as well as should the airline remain in business.
Compute the price elasticity also advertising elasticity. Interpret each one. Illustrate what is the predicted range of Demand for Sun workstations with 95 percent (%) confidence level.
If more foreign tourists visited the United States, this would: A. lower our merchandise trade imbalance. B. lower our overall trade imbalance. C. raise our merchandise trade imbalance. D. raise our overall trade imbalance.
Illustrate what is equilibrium level of Aggregate Expenditures in this economy. At equilibrium, illustrate what is level of Consumption in this economy.
Explain, in plain words, illustrate what the R-square in this regression indicates.
Advanced analysis) Answer the next question(s) on the basis of the following consumption schedule: C = 20 + .9Y, where C is consumption and Y is disposable income. REfer to this data. At an $800 level of disposable income, the level of savings is:
Explain how might you make profits by purchases or sales of bonds now,with the intention to sell in a few months' time.
explain how many sodas will the consumer purchase in a typical month. Illustrate what is the elasticity of demand for soda.
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