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1) Which slope is greater when there is a corner solution? Slope of the indifference curve or slop of the budget constraint? Explain.
2) Suppose a teenager is interested in buying a car that has a very good look. Draw the indifference curve for safety and look for this car, placing appearance on the horizontal axis.
Equilibrium GDP is $5000 while full employment is $6000. What kind of gap is this? What would the Keynesians say the government should do? The correct economic policy would cause Aggregate (Demand or Supply) to (rise or fall)?
Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 125,000 lbs. What is the price elasticity of supply for Greek yogurt?
Morgan Stanley and Goldman Sachs converted their charters to become commercial banks rather than investment banks as a result of the credit crisis. What advantages did they derive from this conversion? Were there any disadvantages from the change?
q.go to the st. louis fed website also total following assignment. scroll down and select money stock m1ns. i want you
Explain the practical effect of price controls on product and service availability, quality and true cost. What is the full impact of rent controls? On whose behalf are they imposed? Who are the winners and who are the losers? What is the impact of p..
Suppose you borrowed $10,000 at an interest rate of 12%, compounded quarterly over 36 months. At the end of the first year (after 4 payments), you want to negotiate with the bank to pay off the remainder of the loan in 4 equal semi-annual payments. W..
positive levels of output and are zero if the monopolist shuts down. If current output level is 5, illustrate what should the monopolist do to increase profits.
Compute the percentage change in price and quantity (%ΔP, %ΔQd) by adding this one room. Calculate the Price Elasticity of Demand.
Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.
What is the Law of Supply? How do we illustrate the Law of Supply? Give an example of the Law of Supply use two to four sentences to explain your example.
Which of the following government actions promotes monopolistic behavior?
Under what supply and demand conditions would an excise tax create a large incidence of the tax on suppliers and a small incidence of the tax on consumers? Explain how this works.
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