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Question
Draw a demand and supply curve of money market and explain why the long run interest rate is not affected by the Fed's action in changing interest rate in the short run.
Assume Ireland can produce 4 units of good X or 2 units of good Y. France can produce 3 units of good X or 9 units of good Y. What would be the terms of trade between Ireland and France for 1 unit of good X?
Give a comprehensive definition of equilibrium in relation to firms and conditions necessary for it to be realized.
Because of a recession, the inflation rate expected for the coming year is only 3%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 3%.
Based on the table, what calculations must you make to determine GNP from GDP?
a b c and d are directors and shareholders of a company a is the managing director. a b c and d own equal shares
Using the economic concepts that explain differences in wages, discuss any three of the following points. Post your response to each of the three points separately. Why does a chief executive earn more than a rocket scientist working for NASA
Price elasticity of demand measures the responsiveness of quantity demanded of a product to a change in the price of that product.
2. What will happen to equilibrium income in the following cases a. The mpe is 0.8, and autonomous consumption declines by $200. b. The mpe and mpc are both 0.5, and taxes rise by $400. How much of an increase in government spending would be required
Can someone explain how an increase in immigration can affect supply and demand of workers in terms of equilibrium and wage and quantity? Thanks.
Describe the role of the financial institutions and financial markets in our economy. Differentiate between primary and secondary markets. Differentiate between money and capital markets.
in order to maximize profits monopolies produce where marginal revenue marginal cost lt market price. contrast this to
The Harrod-Domar model set out to answer a fairly simple question, with enormous ramifications. The question was, "When is an economy capable of steady growth at a consistent rate?".
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