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You observe that output is above full-employment output. Politicians are arguing about the possible reasons. One party claims that this is due to a drop in world oil prices. The other party claims that this is due to an increase in consumer spending. Using aggregate supply-aggregate demand graphs, explain (a) how each of the above reasons could cause an increase in output, and (b) what evidence you could use to determine which one of these had occurred.
Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?
Fiscal policy also decrease the dollar like monetary policy.
Derive the book supply curve where price is expressed as a function of output. Calculate the equilibrium level of output and local bookstore sales revenue.
Elucidate the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends
The XYZ Corporation has estimated the expected cash flows for 1996 to be as follows, Calculate Expected value, Standard deviation, Coefficient of variation
Discuss completely all forward exchange transactions that take place when the contracts are made. Describe what actually takes place three months later.
Find the velocity given that the market is in equilibrium. MD1 is the relevant curve and it is given that the real GDP is 30,000.
Illustrate what does this say about the likelihood of our running out of resources.
Sketch Sally's indifference curves and explain her consumption choices in term of marginal utility.
Illustrate what price-quantity combination maximizes your firm's profits. What price-quantity combination maximizes revenue.
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
Expalin how the actions of a mine operator can spend $5 million to free a trapped miner.
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