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Assign values along the x and y axis for price and quantity based on the product you chose. Include at least 5 values each for price and quantity. Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than that of Neanderthals
If the government faces an AD Shortfall of 100 billion dollars and finds that the marginal propensity to consume is 0.8, elucidate what will be the desired fiscal stimulus.
An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.
If a firm is losses money, it might be enhanced to stay in business in the short run. Is this statement ever true.
In some states, mining for coal leaves large amounts of rubble, which poses flooding problems; causes land damage also is unsightly.
Review the biographies of each of the seven members of the Board of Governors.
Illustrate what are the different types of inflation. Elucidate why is it important to know which type of inflation we may be experiencing.
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
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