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What type of relationship occurs between the change in price and total expenditures from an elastic demand curve?
During March 2001 and March 2002, measured RGDP in the economy actually increased by about 2.5 percent, even though total employment in terms of hours worked declined through 1.8 percent and the unemployment rate increased sharply from 4.3 percent to..
If the actual output is seven billion and the potential output is eight billion, then this economy has a(n);budget deficit OR trade deficit OR inflationary gap OR recessionary gap.
What interest rate would the bank have to charge to earn an expected rate of return on its loan equal to the T-bill rate - what would this indicate about investors expectations of future short term interest rates?
How an economy's resources are to be owned, how decisions about the resources are to be made
Suppose that in Horsehead, Massachusetts, the cost of operating a lobster boat is $4,000 per month.Suppose that if x lobster boats operate in the bay, the total monthly revenue from lobster boats in the bay is $1,000(28x - x2).
Joe owes Willy $5,000 from an old gambling debt. Joe knows that there is no way he can repay the debt in the near future. He asks Joe if he will take a $25,000 life insurance policy that has a cash surrender value
Harvard, Yale and Princeton all charge relatively high tuition. Still each uses ACT and SAT score as admission criteria. Are charging a relatively high tuition and using standardized test scores inconsistent? Explain your answer
Agya is ready to think about how many pairs he can buy. Wait a minute, what happens if any of the ladies going to AUCC spotme at the BDBs? . I will buy any jeans from the Accra mall. Oops I am not quite ready to decide how many pairs I can buy.
Use the (Keynesian) AD-AS model to answer the following questions.Draw the effects of a recession caused by a decrease in aggregate demand. For simiplicity, assume that your economy starts at general equilibrium. Label your graph carefully.
the grocery store next door provide an offers to double coupon night for Senior Citizens.
What is the largest single deposit outflow can the bank comfortably handle, using only primary and secondary reserves? Note that even after this outflow the bank should have sufficient required reserves. Find it to the nearest whole dollar. Comput..
Suppose that there are 1,000 hot-pretzel stands operating in Toronto.Each stand has the usual U-shaped average total cost curve.
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