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In the short run, when there is an increase in aggregate demand:
A) the aggregate price level will fall and the aggregate output level will increase
B) the aggregate price level will rise and the aggregate output level will decrease
C) the aggregate price level will rise and the aggregate output level will increase
D) the aggregate price level will fall and the aggregative output level will decrease
A machine has a current salvage value of $10,000, which will drop by $2,000 per year. The maintenance costs will be $1,250 per year. What is the marginal cost to extend the service for 1 year, at 8%?
What is the definition of "First Best", "Second Best", etc. in contract theory? Especially, what is the difference between "First Best" in contract theory and "ex-post efficient" in mechanism design?
Economics essay-a brief paper about three pages in length also concisely analyze a contemporary problem illustrating in the marketplace.
Two firms, Wickedly Efficient Widgets (WEW) and Wildly Nepotistic Widgets (WNW), produce widgets with the same production function y =K^(1/2) L^(1/2), where K is the input of capital and L is the input of labor
q1. select two products or services with which you are familiar - one produced in the u.s. and the other produced in
Is there a relationship between GDP and the business cycle. If so, explicitate relationship exists and how might a business manager use this information to increase their profits.
Assume you are looking at data for an economy that uses only two inputs, physical capital and labour. Table shows output for different combinations of labour and capital.
What is the present worth of $500.00 in month 1, $510.00 in month 2, and amounts increasing by $10 per month through month 36, if the intrest rate is 15% per year compounded continuously?
illustrate what constitutes a perfectly competitive marketplace structure. Support your argument with empirical evidence wherever possible.
In 2013, approximately 58 percent of the adult population (245 million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the prerecession level of 62 percent, How many more people would be working? By how much..
the combined production of East also West Wakovia will be Elucidate how much tobacco also Elucidate how much corn.
Business has only one social responsibility-to make profits (as long as it stays within the legal and moral rules of the game establised by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by..
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