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The long-run and short-run aggregate supply curves reflect fundamental differences between long-run and short-run macroeconomic analysis.
q1. while we often associate informal financial arrangements with poorer countries where financial systems are less
Economists argue that the move from barter to money increased trade and production. How is this possible.
Illustrate what happens when a consumer decides to save and reduce thier spending of consumer goods. Does this affect the supply of money, demand of money or the intrest rate.
Ben Laden is considering an attempt to differentiate his product from several other competitors by using high quality natural herb dyes.
What is the short-run market supply curve? Determine the short-run equilibrium price and quantity in this industry.
Solve for the new equilibrium quantity (Q**), the sellers price (Ps), and the consumer’s price (P**). Solve for consumer surplus, producer surplus, government revenue and total surplus with the tax.
Each of the 10 firms in a competitive market has a cost function of c=25+q^2. The market demand function is q=120-p. Determine the equilibrium price, quantity per firm and market quantity.
A concerned Congress votes to impose a price floor $2 above the equilibrium price. Illustrate what is the new market price.
Sketch a diagram that illustrates what happened to the Bridgewaters' budget constraint. What could they have been made worse off by the change.
The following graph shows the daily market for wine when the tax on sellers set at $0 per bottle. Suppose the government institutes a tax of $5.80 per bottle, to be paid by the seller. (Hint: To see the impact of the tax, enter the value of the tax ..
Consider the following Demand equation that represents Demand for goods to your company produces q=100-2p. Total cost of production is cq. Given to your company's objective is to maximize profit
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
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