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When prices are (p1, p2) = (1, 2) a consumer demands (x1, x2) = (1, 2), and when prices are (p1, p2) = (2, 1) the consumer demands (x1, x2) = (2, 1). Is this behavior consistent with the model of maximizing behavior?
Cost-push inflation occurs because
Me Lisa purchases shares in government bond mutual fund .is this included in the aggregate demand component investment.
Which of the five characteristics listed in the text for human service professionals do you think is most important? Explain why.
Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company.
The Harrod-Domar model predicts that a country’s long-run per capita growth rate depends on its rate of savings, whereas the Solow model predicts that it does not. According to both the Harrod-Domar and Solow models, if total factor productivity (i.e..
Suppose that the equilibrium nominal exchange rate is 130 Japanese yen to the U.S. dollar. If the Federal Reserve wishes to maintain an exchange rate of 140 Japanese yen to the U.S. dollar, it must meet the private excess ________ dollars in the fore..
What is the output of each firm if they collude to produce the monopoly output. What profit does each firm earn with such collusion.
Capital mobility is fairly high, so the fe curve is more shallowly sloped than the lm curve. the country has a fixed exchange rate. Using is-lm-fe analysis, show what will happen if the country pursues an expansionary fiscal policy. Use graphs and ex..
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price?
Elucidate how an economist could utilize the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
Sally quit her job as a CFO where she was earning $50,000 per year to start her own financial consulting firm. She converts a building that she owns, which was previously rented for $12,000 per year, into an office.
If Germany used all its resources to produce bread, suppose it could produce 40 million loaves of bread. If it used all its resources to produce milk, it could produce 20 million gallons of milk. Then Germany's opportunity cost of producing a ______ ..
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