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How have the components of M1 relative to income (GDP) changed over time and why? Use the nominal levels of the components of M1 = currency (CURRSL) + demand deposits (DEMDEPSL) to construct a graph of their ratios to GDP (income) from 1947-present (use LINE 1 and LINE 2). Convert both ratios to a percent: (CURRSL/GDP) *100 and (DEMDEPSL/GDP) *100.
Find the probability of a positive result for three samples combined into one mixture, assuming the probability of an individual blood sample testing positive
Calculate the market price and market output at the LRCE. Calculate the number of firms at the LRCE.
How does lower and middle management decision management differ from upper-management in terms of basic economics.
Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $110 million to $220 million between one year and the next. Instructions: Enter your answers as whole numbers. a. Assuming that the price of gold in..
Suppose the labour market in the house cleaning industry in Quebec City can be described by the following demand and supply equations: LD = 400 - 10w and LS = 40 + 20w. Calculate the equilibrium wage and employment if the market is free. Draw a graph..
The Truck Stop is a repair facility specializing in the maintenance and repair of diesel engines just outside of Carlisle, Pennsylvania--one of the largest trucking hubs in the U.S. Mechanic and staff salary expenses are estimated on an hourly basis,..
All of the following shift the aggregate demand curve to the right except
Using simple diagrams, show how each of the following, in theory, affects (i) the supply of food for urban consumers, and (ii) the welfare of a representative agricultural household:
At the height of the popularity of high protein diets like the Atkins diet (which encourage larger consumption of meat products at the expense of carbohydrates and sugars), what kind of effect did you expect to see on the equilibrium price and quanti..
Suppose that each unit of product A requires 4 workers and 1 unit of capital to produce, whereas each unit of product B requires 5 units of capital and 2 workers and that it is the case irrespective of prices. What does this indicated about the relat..
Give an example of a companies unique hypothetical weighted average cost of capital (WACC) and rate of return. Recommend whether or not the company should expand, and defend your position
The elasticity of demand is -1.5 at this price and output level. What must be Trisha's marginal cost of the last gown produced if she is maximizing profits?
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