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The simple circular flow model (without leaks or injections) shows that an economy reaches equilibrium when:
a. households save as much as they can
b. the value of goods and services equals the sum of factor payments
c. more capital goods are produced than consumer goods
d. inflation is low
Jerry receives utility from days spent traveling on vacation domestically (D) and days spent traveling in a foreign country (F) as given by the utility U(D,F)=DF. The price of a day spent traveling domestically is $160 and in a foreign country $200. ..
According to the graphical method used in class, ?gure out how a decrease in taxes (T) shifts the IS curve. Is this policy an expansionary ?scal policy or a contractionary ?scal policy? Why?[Hint: Use the Keynesian Cross]
Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
Which bank is giving the best deal? If they go with that bank, how many dollars in interest will they pay?
Why does it make sense for a firm to shut down in the short run if the price falls below minimum average variable cost?
How is packet-switching related to the Internet and why is it important? How is TCP/IP related to the Internet and why is it important? How are HTTP and HTML related to the World Wide Web and why are they important? What is a web browser and why is i..
Consumer demand for oil—including oil in the form of both gasoline and home heating oil—is fairly inelastic in the short run and more elastic in the long run. In the short run, will a shift in the supply of oil (say, caused by a disruption in Mideast..
For 5 years you have owned and operated a small company, ABC Desks, that designs and manufactures high-end custom wooden desks. The business is incorporated and pays state and federal taxes separate from your personal income. Develop an Income Statem..
Define also Elucidate the three important components of organizational architecture responsible for the success or failure of an organizational design
Price elasticity of supply is always positive except when supply is a. perfectly inelastic. b. relatively elastic. c. either relatively elastic or relatively inelastic. d. relatively inelastic.
Describe the current monetary and fiscal policies in the United States. how these policies affect exxon mobil. Predict how possible changes in monetary and/or fiscal policy may impact the supply and demand of exxon mobil. Assess how the current monet..
Proviade two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium.
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