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Assume that the U.S. dollar depreciates against the Japanese yen. What is the impact on aggregate expenditures and income?
Aggregate expenditure increases and income decreases.
Both increase.
Aggregate expenditure decreases and income increases.
Both decrease.
How does the short-run Phillips curve reflect a financial crisis as the one in 2008-2009?
Assume that Ms. Thompson is currently exhausting her money income by purchasing 10 unites of A and 8 unites of B at price $2 and $4 respectively. Elucidate what these data suggest about Ms. Thompson.
In 1976 independent Texaco retailers file suit against Texaco. In 1990, the Supreme Court of the United States found that Texaco had indeed violated antitrust law. Illustrate which law do you think Texaco was found guilty of violating.
Diminishing marginal returns begins with which employee? Suppose a pot sells for $20 each. What is the marginal revenue product of labor of the second worker? If wages are $50 per day and pots sell for $20 each, how many potters will the firm hire?
Briefly define the following terms. Tariff escalation, Optimal tariff rate, Ad valorem tariff equivalent, Voluntary export restraint (VER), Terms of trade effect (of subsidy), Harmonized System (HS) of commodity Classification, Common external tariff..
Monopolistically competitive firms
When a construction possibilities frontier is bowed out, away from the origin the opportunity cost of a good.
q.what are the informing factors of global interdependence including the economic factors political dynamics and
Discuss the risks of introducing market mechanisms of supply and demand in situations where ethical issues are present.
Which of the following might explain why the government would create a price ceiling for a certain good?
which planet has the comparative advantage in coffee? in fried chicken?
To increase the money supply, the Bank of Canada can:
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