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Why or how they demonstrate the concept of elasticity; and two examples of externalities, again including an explanation of why or how they demonstrate the concept of externalities.
Assume that the United States economy is in long-run equilibrium with an expected inflation rate of 4 percent and an unemployment rate of 6 percent. The nominal interest rate is 9 percent. Using a correctly labeled graph with both the short-run and..
Ralph purchases a newly issued, two-year government bond with a principal amount of $10 000 and a coupon rate of 6% paid annually.- What price will Ralph receive for his bond?
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your response
What is the Nash equilibrium (or equilibria) in game?
In year three, the government runs a surplus of $800 million. What is the total debt of the government at the end of year three?
a.) Describe five (5) ecosystem goods and services of the Neponset River Watershed. b.) Assign dollar ($) values to these 5 ecosystem goods and services of the Neponset River Watershed. Please be clear about how you assessed this economic value [..
Suppose that it is known that labor receives 25% of national income. With a Cobb-Douglas production function and an initial level of real GDP of $10,000, what happens to real GDP if both capital and labor double?
Create a supply curve for gasoline. Create a demand curve for gasoline. Explain elasticity of supply and demand and how this relates to your pricing decision.
You are required to find an article that is relevant to economics and make an argument in your analysis using appropriate economic terminology.
You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your products is better than the competition, the government purchasing agent views the products as identical
Assume there are 12 firms in an industry. The percentage of total sales is given in the following table:
Consider the following interaction between two entrepreneurs (players 1 and 2) who are working on a joint project, and a venture capitalist (player 3) who is a potential investor in the project. First, player 1 decides whether to devote high or lo..
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