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Why do you think some economists were dissatisfied with the cardinalistic approach to the consumer theory.
Now assume the Fed increase the money supply by 10% and volcity remains unchanged?
The following table provides the prices and quantities of apples, oranges, and bananas in years 2000 and 2014 consumed by an average household in a hypothetical economy.
Let's say there's a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services
A What are the assumptions underlying Imperfect Competition B State 2 features of a firm in long run equilibrium in Imperfect Competition that would be common to a firm in long run equilibrium under Monopoly. C Give an example of an industry operat..
Express the income from sales of monitors in 2012 as an index, based on the income from sales of monitors in year 2011 = 100.
Under the maturity extension program, the Federal Reserve sold or redeemed a total of $667 billion of shorter-term Treasury securities and used the proceeds to buy longer-term Treasury securities, thereby extending the average maturity of the secu..
A chartered bank offers a one-year loan at "3 points above prime." Prime is 4 per cent. then what is the nominal interest rate.
What are the ways that healthcare insurance is financed, in both the public and private sectors? What are the benefits, eligibility criteria, and financing structure of Medicare, Medicaid, and S-chip programs? Who is responsible for administer..
Assume Px = 5, Py = 2 and Income =540. If a consumer has a MVx = 2x/y, is it possible for her to achieve an interior solution? If so, what is the solution? If not, why not?
Economists who work for thegovernment are often called upon to make policyrecommendations. Why do you think it is important for thepublic to be able to differentiate normative statements frompositive statements in these recommendations?
The nearest rival movie theater, the Cedar Bluff Twin, is 35 miles away in Pocatello. Thus QuadPlex Cinema possesses a degree of market power. Despite having market power, QuadPlex Cinema is currently suffering losses.
Assume that the pure expectations theory for the term structure of interest rates holds, no liquidity or maturity premium exists, and the bonds are equally risky.
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