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Inflation and its Consequences
1.Explain the various types of inflation and its consequences.
2. Describe the difference between inflationary gap and deflationary gap.
Manufacturing support also selling as well as administrative costs comprise both variable and fixed costs; fixed manufacturing support costs for the present year
Describe the Soviet Rapid Development Model
Given the data of real disposable income and real consumption, draw consumption function, determine the slope-What is the marginal propensity to consume?
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
Suppose that because of the ongoing financial turmoil banks become more prudent: that is, other things equal, banks want to hold more excess reserves and make fewer loans.
Elucidate is the fiscal policy expansionary or contractionary.
Find the optimal (profit maximizing or cost minimizing) output of each firm. Find the price that each firm charges at the when producing the optimal output.
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
Given the table of marginal utilities for CD's and century books, calculate the optimal quantity and total utility at equilibrium. Draw Sarah's budget line for part a and her budget line for part b on the same graph.
Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?
Illustrate what is the own price elasticity for ATM fees charged to non-customers.
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state.
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