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How have you responded to increases in the price of gasoline over the past few years? How would you respond if the price of gasoline doubled over the next two years? What alternatives do you have for buying gasoline? Could you change to zero consumption of gasoline in the short run? In the long run? In the short run, when the price of gasoline increases, what happens to the income you have to spend on other goods?
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
ou bought the bond for $1,040, after 6 months you received a coupon of $35 and after another 6 months you received another $35 coupon and you sold the bond for $1,070.
Describe briefly why time lags in discresionary fiscal policy can adversely affect the efforts.
Which of the following situation descriptive a perfectly competitive market. Graph marginal costs from table below and answer the following questions:
Suppose you are advising a small country (such as Bermide) on whether to print its own money or to use the money of its larger neigher (such as the United States). What the costs and benefits of a national money.
One of the major problems in macroeconomics is disagreement in the debate over policy activism versus policy rules.
Elucidate the six costs associated with inflation and evaluate which if any of the costs are important for the average consumer.
Critically discuss the strengths and weaknesses of using per capita national income (even once adjusted for purchasing power parity) as a measure of welfare. Discuss at least two alternative measures of national welfare that have been put forward? ..
Given the wide variety of different fast-food vendors, the industry is fiercely competitive, as is the unskilled labor marketplace.
Suppose a four year pure discount bond with a face value of $1000, if current price is $850, calculate the annualized yield of this pure discount bond.
research information on companies that have engaged in monopoly behavior, such as Microsoft, Google, or Wal-Mart, and explain how society has been affected by the monopoly behavior using that information.
Illustrate what is the arc cross elasticity of demand among Future Flight's and Soaring Free's frisbees
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