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A country's long -run equilibrium price level has increased, but the position of its aggregate demand schedule has not changed. what has happened? what specific factors might have accounted for this event?
Why should the govt monitor money supply? If we are in recession today, which one of the three tools of monetary policy would you suggest and why (you must select from one of the 3 Monetary tools: Reserve requirements, Discount rates, or Open-Market ..
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
Production quota: In many cities, the amount of licenses to operate taxis is limited. For the purposes of this problem, we can think this is a production limit (a maximum production level) of taxi rides set by government. Assume that this limit is lo..
Describe autarky equilibrium if all the English always consume equal quantities of wine and cloth. Describe autarky equilibrium if Portugal always consumes equal quantities of wine and cloth.
someone drives through green hills you see large luxuriant homes spread across very large and beautiful pieces of real estate. Why are nice homes usually built on expensive lots rather than cheap ones
Assume Px = 5, Py = 2 and Income =540. If a consumer has a MVx = 2x/y, is it possible for her to achieve an interior solution? If so, what is the solution? If not, why not?
Brokers incurred $450,000 out of expenses as well as will give 21,000,000 of the persue to the small firm they are underwriting
Illustrate what was the economy's biggest risk--inflation or unemployment.
Illustrate what economic events or changes will "shift" demand and supply curves, and separately "move" demand or supply along their respective curves.
Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles? Is this a valid role for fiscal policy?
Over the past 50 years , Brazils population growth rate has average about 2.3 percent. According to the rule of 70, Brazils popluation will double in about ?
Explain how cross-price elasticity of demand is relevant to a firm being investigated for antitrust violation. If you were the chief economist for this firm, would you want to show a high cross-price elasticity or a low-low cross price elasticity ..
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