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other things the same, a fall in the economys overall level of prices tends to1.rise both the quantity demanded and supplied of goods and services2.rise the quantity demanded of goods and services, but lower the quantity supplied3.lower the quantity demanded of goods and services, but raise the quantity supplied4.lower both the quantity demanded and the quantity supplied of goods and services
which of the following shifts aggregate demand to the left1.an increase in the price level2.an increase in the money supply3.a decrease in the price level4.a decrease in the money supply
Javier lives in Ecuador and purchase a motorcycle manufactured in the US this motorcycle is1.both a US and Ecuadorian export2.both import3.us import and E export4. us export and E import
which of the following is the most accurate statement1.trade policy has neither mico nor macoeconomic effects2.trade policy has similar micro and macro effects3.the effects of trade policy are more macro than micro4.the effects of trade policy are more micro than macro
In order to bring about a socially desirable quantity of landscaping service, what should the government do? Explain in words and show the effect of the government action in a graph.
Hypothetically, if Apple and Samsung decided to collude, instead of suing and counter-suing each other, what would the equilibrium prices and quantities be? Assuming each firm keeps the profit from its own market, what are these profits?
Determine the profit-maximizing average monthly production capacity for DermaPlus for each of the possible reference-based prices identified by the consultant. Estimate the expected monthly profit in each case.
What happens to equilibrium output and the equilibrium interest rate in the short-run, and equilibrium output and theequilibrium price level in the long-run.
Plot the marginal revenue and marginal cost curves and is the industry the firm operates in competitive? Is the industry in long-run equilibrium?
Describe the difference between rise in demand and an increase in quantity demanded, through giving an example of what would cause an rise in quantity demanded
What is the price elasticity of demand for tours? Interpret your answer. Given this elasticity, should Breakaway increase prices to increase revenue? Explain.
Suppose that in response to a foreign crisis, the goverment increases defenst spending to $50 billion. How would the increase in defense spending affect the economy How would the effects differ depending on the size and sign of the output gap when..
The marginal and average cost curves of taxis in metropolis are constant at $.20/mile. The demand curve for taxi trips in metropolis is given by P = 1 - .00001q, where P is the fare, in dollars per mile, and Q is measured in miles per year.
Plot the data on a scattergram with the S&P index on the vertical axis and CPI on the horizontal axis.What can you say about the relationship between the two indexes? What does economic theory have to say about this relationship?
Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
The long-run aggregate supply curve is vertical at economy's potential output level. Why is the long-run aggregate supply curve situated at his level of output rather than below or above the potential output level?
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