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Suppose that the position of a nation's aggregate demand curve has not been changed, but the long-run equilibrium price level has declined. Other things being equal, which of the following factors might account for this event?
a. An increase in labor productivity.b. A decrease in the capital stock.c. A decrease in the quantity of money in circulationd. The discovery of new mineral resources used to produce various goods.e. A technological improvement.
The Optimal Scam Corporation would like to see its sales grow at 20% for the foreseeable future. Its financial statements for the current year are presented below.
Illustrate why would you be reluctant to advise that your country increases its money supply.
The utility function of a worker is represented by U(C,L) = C X L, so that the marginal utility of leisure is C and the marginal consumption is L.
Given that this is a training manual to sensitize employees, how will this affect any practices at the company.
Gus cab driver rents a cab and pays for gas. In each of following circumstances, describe the short-run effects & long-run effects on the price and quantity of rides Gus offers.
Discuss the four major economic flows that link the United States with other nations and provide a specific example to illustrate each flow.
Explain how would you relate the hiring practices of that industry or industries to fluctuations in the business cycle.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
In 2008, box industry was perfectly competitive. The lowest point on long run average cost curve of each of the identical box producers was $4,
Illustrate average monthly rent for a three-bedroom apartment in Miami. Qd is measured in units of 1,000 square feet per month.
Illustrate what methods does Rakuten use to make it easy for a small or medium size business to use its shopping platform.
Illustrate what is the tolal accounting cost. Illustrate what is the total economic cost. Elucidate why these are different in this way.
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