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There are four basic components of the AD curve: Consumption, Investment, Government Expenditures, and Net Exports.
Of these four components what one of them is currently negative? (This is not related to the Deficit that we hear so much about.)
What suggestions do you have that would bring this one component that is currently negative back into the positive?
What would be the benefit of bringing this one component into the positive?
Are there any non biased sites available other than Wikipedia?
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
If the elasticity of US exports with respect to the real exchange rate is very low, will this increase in private saving have a large or small effect on the U.S. real exchange rate
Calculate the book price and quantity effects of the local 8% sales tax. With perfectly elastic demand, who pays the economic burden of such a tax?
Compute producer surplus, how much is the difference between the producer surplus and profit in this case
Assume you want to begin a business in an area in which a natural disaster has recently occurred. How would you decide which kind of business to start.
The cenima manager observes that the increase in price causes attendance at a given movie to fall from 300 persons to 200 persons.
Explain her change in consumption in terms of income and substitution effects (give a precise quantitative answer). Is this a Griffin good (how do you know)?
Elucidate the relationship among the ratio of marginal utility and the price of each good consumed in consumer equilibrium.
Illustrate what is the logic of a firm setting and exercising the application of a mandatory retirement age? What are the pros and cons of the mandatory retirement practice from the perspective.
If increased government spending and tax cuts were equally effective in stimulating aggregate demand, which fiscal tool would you select? Why?
Compute the arc cross-price elasticity of demand among beverage sales and appetizer prices.
The following information describes a hypothetical economy (assume all numbers are in billion if necessary) Determine the value of the MPC of this economy?
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