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1. What were the main causes of the real estate bubble and the ensuing financial crisis?
2. Why did the crisis spread from subprime mortgages to the entire financial sector and, ultimately, the economy?
3. How has the crisis been reflected in the United States' GDP growth rate, unemployment rate, and inflation rate? What do these figures indicate about the magnitude of the crisis?
Whenever the economy goes into recession (as occurred most recently in 2008), consumption in the United States decreases. If the economy went into a recession, but you were not directly affected, do you think you might change your consumption pattern..
Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day. Find his utility for the f..
The characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market is. Which of the following statements concerning market structure is not true?
A community ponders implementing a no-smoking ordinance that would eliminate smoking in all businesses, government offices, and public places. Smokers are upset and argue that their rights are being violated by this proposed ordinance. How does the r..
q.the market for water in urban areas in australia is often dominated by one provider for example sydney water in the
Discuss some instances in your life when your actual production for short periods exceeded what you considered your potential production. Why does this occur only for brief periods?
q1. sam purchased a 5 year treasury note with a 1000 face value and a 7.5 coupon rate. with the help of excel
Give two examples of actions taken by the administration of yourcollege whose effect is to prevent specific markets from reaching equilibrium
Suppose that the pre tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..
Fixed costs of a company is $20,000 per year with variable costs of $15 per unit. If this company sells each unit for $20. What is the breakeven point? Show the answer with graph.
What are the three tools involved with balance of payment details? What are some of the impact the Federal Reserve actions have? What are the types of tariffs?
Assume we are examining the market for luxury automobile in the USA. In separate graphs, graph what occurs when each of the following happens For each graph explain what is happening and why. Consumer’s income increases.
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