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1. What are the four parts of a business cycle?
2. How do business cycles differ from each other?
3. What are at least three factors that shift the aggregate demand curve?
4. What are at least three factors that shift the short-run aggregate supply curve? What about the long-run aggregate supply curve?
The 1996 welfare reform in the United States devolved responsibility for welfare programs to the states. Does the theory suggest it was the right the policy?
How could you use this software to fit a varying-coefficient model in some of the variables?
Would this have been the result of a change in demand or a change in the quantity demanded? Would you recommend the flat fee or the fee per bag? Why?
every 6 months until he retires so that, beginning one year after his retirement, he will receive $30,000 for the next 15 years. Find the value of (A) which he should deposit every 6 months. Assume the interest rate is 8% compounded semiannually.
A private golf club has two types of members. Serious golfers each have a demand curve Q = 350 - P, where Q represents the number of rounds played per year and P is price per round. Causal golfers have the demand curve Q = 100 - 10P.
Currently the wheels cost $4 each, but for a number of reasons the price will double. In order to produce the wheels themselves, Pramble would have to add to existing facilities at a cost of $800,000. It estimates that its unit cost of production ..
Which civilization had the most fortifications?
A monopolistically competitive firm produces a level of output at which price equals $80, marginal revenue equals $40, average total cost equals $100, marginal cost equals $40, and average fixed costs equals $10.
Danny "Dimes" Donahue is a neighborhood's 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $2 each, he sells 250. At a price of $1.5 each, he sells 300. What is the elasticity of th..
In the diagram for this exercise, plot the consumption function line for the data in the table below. Calculate savings at each level of real disposable income and plot the savings function.
Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products in each store. What motivated the producers of those individual products to make them and offer them for sale
The demand for haddock has been estimated as log Q = a=b log p=cl log I = d log Pm Where Q= quantity of haddock sold in New England P = price per pound of haddock I =a measure of personal income in the New England region and Pm= an index of the pr..
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