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Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a cola is $3 a can.a. What is Sara's real income in terms of cola?b. What is her real income in terms of popcorn?
Using Bureau of Labor Statistics and Federal Reserve Bank of St. Louis, choose a key economic indicator. Discuss and explain how the indicator was created and its current value.
Beginning in 1994, environmental regulations have required that gasoline contain a new additive to reduce air pollution. This requirement raised the cost of gasoline. The Bureau of Labor Statistics decided that this increase in cost represented an..
Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will, a. harm hat workers, benefit banana workers, but benefit the nation as a whole. b. harm hat workers, harm bana..
Graphically illustrate the impact of an open-market purchase by the Federal Reserve on the equilibrium interest rate using the theory of liquidity preference and the market for real money balances. (Be sure to label:
question 1anbspnbspnbspnbsp assess majority voting as a means of revealing and aggregating preferences of households.
The maintenance costs associated with an investment are $0 for the first 8 years and $ 700 per year thereafter. The investment has an infinite life. With interest at 9 % per annum, determine the present worth of the annual disbursements. ($)
Estimating the demand for money and plotting a demand curve for that estimation based on the equation: M1=a+b1(interest)+b2(time). Where a is the intercept value for the demand curve
Why will resources specialize according to their comparative advantages. Explain why will this specialization increase production.
halleys comet has a period of approximately 76 years and it moves in an elliptical orbit in which its distance from the
What problems arise in estimating whether an equal income distribution is fair or not? Diuscss the difference between income and wealth?
Assume that price level is fixed in the short run so that the economy does not reach general equilibrium immediately after a change in thee economy.
Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008..
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