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1.What part does consumer confidence play in GDP? Research the term "animal spirits" and how it applies to business confidence. Can you give an example of consumer confidence in your life? 2.What part does the government play in economic growth? How does government spending affect aggregate demand? Can government spending help bring us out of a recession? What may be some of the side-effects of massive government spending?
Imagine that you have been hired as the start-up manager for a new hospitality enterprise. It could be a fast food restaurant, a resort, a business hotel, or any other business in the hospitality industry. You want to create a plan for instituting..
Normal 0 false false false EN-US X-NONE X-NONE Pennyworth National Bank ha..
the only goods you buy are apples and oranges. both apples and oranges sell for 1 per piece and your income is 10 a
Recently, the House of Representatives passed legislation to increase the minimum wage in the nation from $5.15 to $7.50. What are the pros and cons of this proposal? Provide an analysis based on the demand and supply of labor.
A. calculate the price elasticity of demand between each pair of prices ($5.00 to $4.50, and so on). b. what happened to Ed as price falls? why does this occur? c. What factors affect Ed?
3. Suppose an individual's utility function over income (M) and leisure (L) is U(M,L)·L, and the individual has non-labor income Y and earns wage w. The total amount of time available is 16 hours.a. What is the equation for the budget constraint? G..
In an open economy with few capital restrictions and substantial import-export trade, a rise in interest rates and a decline in the producer price index of inflation will
A firm has $2,200,000 in sales, a Lerner index of 0.61, and a marginal cost of $50, and competes against 900 other firms in its relevant market.
Sheila takes out a $20,000 loan over two years with a monthly repayment of $941.5, at an annual interest rate of 18% compounded monthly. Show the first three months of the amortization schedule in tabular format.
Comparing the different models of pure competition and oligopoly, what will be the effects or difference between the two in relation to: Price, Output, Profits, Advertising, and Efficiency of scarce resources?
You are comparing two potential mutually exclusive investment projects. You have calculated the expected NPV of project A to be $3,758 and that of project B to be $3,114. Can you be certain that you should recommend to your management to implement pr..
Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following 1 loan balances and APRs: Card 1, $4,500, 19%; Card 2, $5,700, 23%; and Card 3, $3,200, 15%. Interest..
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