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Original post please
Which of the following is not an assumption of the theory of consumer behavior described in this chapter? In deciding what to buy, the consumer will choose the good with the:
In the city of Growville, the equilibrium employment is 100,000 workers, and the equilibrium wage is $80 per day. The elasticity of demand for labor is 1.0 (in absolute value) and the elasticity of supply of labor is 4.0. The employment multiplier is..
q1. in long-run equilibrium assume the economy. in a short duration of time there is a pessimistic revision of
What is Marginal Utility? Why does it diminish? Explain verbally and using appropriate math/symbols, the slope of the indifference curve. Write out the equation for and explain the "Consumer Equilibrium Condition", or as it is sometimes labeled, the ..
During the 2008 financial crisis and the subsequent recession, how did major U.S. banks respond to the actions of the Federal Reserve? How did those monetary policy actions affect U.S. businesses and households? How were the actions of the Federal Re..
A newspaper recently reported that the Chinese central bank has decided to reduce its reserve holdings of U.S. government bonds. What effect might these purchases have on the U.S. bond markets, the Chinese Balance of Payments, and currency valuations..
To make your work easier to grade, please make Julie the row player, Kristin the column player also Larissa the page player.
What are the four reasons or justifications for government intervention in the economy? Describe two in details, providing an example of each.
q1. how does your analysis of vmp change if employer is a monopolist producer of its output but price-taker in the
You are considering buying a new house, and have found that a $200,000, 30-year fixed-rate mortgage is available with an interest rate of 6 percent. This mortgage requires 360 monthly payments of approximately $1,179 each. If the interest rate rises ..
Explain why would a country (for example China) choose to keep their currency relatively pegged to the U.S. dollar.
What effects would each of the following have on aggregate demand or aggregate supply, other things equal? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output, assuming that the price le..
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