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1. A higher rate of saving at the national level will, in the long-run ________.A.cause a decrease in levels of capital and output.B. have no effect on levels of capital and output.C. lead to an increase in population growth.D. cause an increase in levels of capital and output.
2. Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ growth rate of output per worker.
A.leads to a higherB.leads to a lowerC.has no long-run effect on theD. has an ambiguous effect on the
Do you think the demand for mangoes is price elastic or price inelastic? Explain your answer based on the determinants of price elasticity of demand.
Examine how an organizations in each market structure like perfect competition, monopoly and monopolistic competition maximize profits.
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The price of apple juice decreases, and the wage rate paid to orange grove workers increases-equilibrium price_________equilibrium quantity________
Construct the diffusion index from month 2 to 3. This problem, we have three leading indicators and the diffusion index from month 1 to 2 is 66.7 (=2/3) because two indicators move up and one moves down
What is the difference between elastic and inelastic demand. Please be precise. If a restaurant increases its price of coffee from $ 1.00 to $ 1.20 and quantity demanded falls from 100 cups to 80 cups. How can I compute the price elasticity of dema..
Merchant banking refers to:Banking services that are only available to retail merchants.Banking services that are only available to business but not the general public.
The small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal.
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