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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.
I know you find velocity with the equation V= PY/M...P being the price level, Y being real output, and M being the money supply. The money supply is at $5000 on the graph. What do you use for P and Y?
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
What is autarky price and quantity equilibrium for both home and foreign? What is the open trade price and volume under free trade.
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.
Explain how each of the following will affect the relative values of the dollar and the euro:
What is real mortgage interest rate in 2001, 2002, 2003 and 2004? What are the values in 2000 dollars of the Nancy's monthly mortgage payments in the year of 2001, 2002, 2003, and 2004?
Why might the existing firms in a cartelized industry prefer to be regulated by the government? What is the problem with common property resources?
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Assume that a price support system for cotton requires the federal government to pay farmers $3,000 for each acre to not plant cotton. How would you shift either the supply or demand curve for cotton to describe the effect of this action? In your a..
Essay on Market imperfection associated with negative externalities
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
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