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1. What is included in GDP: all goods, all services, or both?
2. Attach the appropriate fractions to the "longterm averages" in Figure (Some fractions will be left over.) These fractions may turn out to be more memorable than the exact percentages in the figure.
How does the unemployment rate of your state compare to that of the U.S. as a whole? What factors do you feel most contribute to your state's unemployment numbers?
The United State Congress is currently debating new budget. Most Republicans wish to reduce federal spending. Democrats do not want to decrease federal spending by as much as Republicans do.
If the equilibrium price of Frisbees is $8 the equilibrium of supply an demand is 6. a price of $2 above equilibrium price is imposed. a)what type of restriction is this (b)what is the new market price (c)How many frisbees are sold
What is a budget constraint? How does a budget constraint explainconsumer choices when used in conjunction with indifference curves?Explain what happens if a household looses half of their income,using a budget constraint and indifference curves in y..
If a good has an income elasticity of demand equal to 2.7, how will the quantity demanded change when consumer income rises by 4 percent? (Please explain to me how you solve this, thank you!)
Derive the IS curve in the (Y, i) space using the aggregate demand plot in the (Y, AD) space.
Critically analyze an "interracial buddy film" in terms of the concepts from Vera and Gordon's "Black and White Buddies I" and "Black and White Buddies II" (linked to week 7).
On Wednesday, the exchange rate between the euro and the U.S. dollar was $1.20 per euro. On Thursday it was $1.18. Did the dollar appreciate or depreciate against the euro? By how much?
Why do oligopolies exit? list five or six oligopolists whose product you own or regularly purchase? what distinguishes oligopoly from monopolistic competition?
The Fed can change the money supply by buying or selling long-term Treasury bonds. Purchasing long-term securities is commonly called
How will unemployment rate during current period compare with natural rate of unemployment? Will current rate of GDP be sustainable into future? Why or why not?
List all the possible pure strategies for each player in this game and illustrate the payoffs from each pair of strategies in a matrix. [Note: each player's strategy should prescribe an action for each of his/her information node (set), regardless..
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