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Q.1. What are the steps involved in analyzing the changes in the equilibrium of the market. Analyze the effects with an example of events on a market, which includes shift of both the demand curve and supply curve.
Q.2. what do you mean by tax incidence? What determines the taxincidence, Illustrate with the help of diagram?
What is gross about gross domestic product? Could an economy enjoy a constant or growing GDP while not replacing wornout capital?
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
these answers have to be a short paperthey must include references if used in the paper to prevent plagiarism.the book
Suppose the currency-deposit ratio rises to c=0.4. Determine the levels of M1, C, D, and R if the Fed does not respond. What open market operation would be needed to prevent a change in M1 Be specific about direction and amount of the open market ..
What do we mean when we say export are exogenous and import are endogeneos?
Identify two periods associated with the highest unemployment rate since 1970 - Visually inspect the graph in Part I.B andidentify the approximate period that corresponds to the highest value of the "misery index."
Suppose that the ecomony is operating below full employment and that it will not overheat during the year.
Show how monetary policy effects GDP. You also need to use the money multiplier, MPC and the GDP multiplier on the GDP graph.
Opportunity costs are unavoidable when we increase production of any good or service. Why?
In turn, what factors influence the level of investment what sort of government policies or programs are capable of stabilizing employment and dampening the business cycle How do these policies work
Determine whether returns to scale are decreasing
discuss its price elasticity and income elasticity. Explain how much control might an organization have over pricing based on a product's elasticity.
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