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Assume there is no foreign trade and the economy is in equilibrium. If actual investment is greater than desired investment then it is most likely that?
The drought in Oklahoma is causing cattlemen to sell off their cattle herds. How does this affect the supply of beef How does it affect the demand for beef worldwide How does it affect the demand for chicken
A firm can seek any combination of quality and price it chooses. Thus, it can go with a low quality-low price strategy or use one which combines high quality with a high price. Ideally, of course a high quality and a LOW price will be the most pow..
Some economists advocate such a rule for monetary policy but believe π and y should be the forecasts of future values of inflation and output. What are the advantages of using forecasts instead of actual values What are the disadvantages
you estimate that the price elasticity of demand for clinic visits is -0.25. You anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per ye..
Utilizing both offer curves and a two by two payoff matrix, determine the optimal foreign economic policy of a hegemon.
Illustrate what effect a contractionary fiscal policy have on the price level and real GDP.
Explain how much should the store charge for an yearly membership in order to extract the entire consumer surplus via an optimal two-part pricing strategy.
Draw a indifference curve and degree of substition betweem goods: When the two goods are imperfect substitudes for each other, and assuming diminshing marginal rate of substitution.
Using a long-run Phillips curve, what is the effect on the unemployment rate if the inflation rate rises and people expect the rise.
Elucidate foreign demand for dollars as well as the international value of the dollar.
Draw a current budget constraint for an assumed single mother (net of child care costs) who loves leisure. Draw the new constraint. Discuss the likely effects on labor force participation and hours of work.
For many years, AT&T was a regulated monopoly, providing both local and long-distance telephone service.Explain why long-distance phone service was orginally a natural monopoly.
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