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1-Briefly explain how the following variables have changed and affected the Australian economy since 2020.
A. Consumer price index
B. Official interest rate
C. Federal budget deficit
2. Explain two (2) indicators, other than GDP, that can more accurately measure the welfare of a nation.
3. If you are an owner of two businesses, a fruit shop and a furniture shop. Define business cycle and explain how and why changes in the business cycle affect the revenue of your two businesses differently.
4. What indicator does the government use to predict economic changes over the next six months? In your answer, explain two (2) variables used in this indicator.
According to the law of increasing opportunity cost,
Business investment spending represents spending by businesses on new plants, factories, equipment, technologies, etc. According to economic theory, the primary determinant of the level of business investment spending is the level of real interest ra..
MGE1108 Economics for Business Assignment, Academies Australasia Polytechnic. Identify the market structure Coles operates in. State your reason why
Assuming that no currency leakage? occurs, calculate how much will the bank be able to lend to its customers following the? Fed's purchase. ?$_______ million.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
If you could borrow that amount from Carl's Credit Union at 12% for 1 year, what would be your monthly loan payments?
An important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of studying this topic, how one might
Measles has become an epidemic here in Orange County. About 1 in 1000 people will die after contracting the disease. Because this is such a high rate, health officials in Orange County would be well advised to pay for anyone to get a vaccination.
Suppose when you are 21 years old, you deposited $1000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age 65, 44 years later. How much more will be in your account if the ..
Sport utility vehicles, or SUVs, have been part of the US automotive market since the introduction of the Chevrolet Suburban in 1935. SUVs gained some in popula
"Our marginal revenue is less than our marginal cost at the current production level." This statement indicates that the firm:
What exactly is game theory?
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