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Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, how does the price level and nominal GDP change?
Suppose we randomly sampled a person who participated in the exit poll and found that he had a college degree. What is the probability that he voted in favor of Scott Walker?
AD-AS model is a useful simplification of the macroeconomy. The horizontal axis of a diagram of the AD and AS curves measures:
How would you compare this case to the so called "prisoner's dilemma" case and how would you compare this case to the so called "Nash Equilibrium"? Explain the difference between this case and Nash Equilibrium clearly.
Price Discrimination (PD) occurs "when a firm charges different prices to different customers for the same good". Explain under what conditions PD is possible and profitable?
Find the value of a country a dollar and the consumption of the initial old.
Miller Building Supplies in your textbook, Working Capital Management: Applications and Case Studies, and then watch the brief video Working Capital Video.
A decision to postpone commercial development of an undisturbed parcel shows an example of what type of economic benefits?
Assume the slope of the consumption function is .9. How much new initial spending is required to restore full employment equilibrium?
Consider a country where the velocity of money is constant. Real GDP grows by 3% per year, the money stock grows by 4% per year, and the nominal interest rate is 3%.Using the approximate Fisher Equation what is the real interest rate in the economy..
Write a generic class Pair which has 2 type parameters, F and S, representing the type of the first and second elements of a pair respectively. Add get and set methods for the first and second elements of the pair.
To run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. Did Winston make a good decision? Support your answer by showing your calculations and explain your answer..
When trying to understand the health and trajectory of an economy, why do you think macroeconomics focus on just a few key statistics?
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