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Real GDP and nominal GDP differences
What is the difference between real GDP and nominal GDP? Which is the better measure of economic well-being, and why?
Suppose Congress wishes to reduce the budget deficit by reducing government spending. Use the IS-LM model to illustrate graphically.
Provide reasons to explain what the government would have to do to keep the unemployment rate
Explain why is it that for sellers in a purely competitive marketplace, the price received for each item equals the marginal revenue.
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Illustrate what effects would their combined actions have on GDP. Illustrate what effect would this have on your industry.
Compare the advantages as well as disadvantages of fee for service payments and a DRG-based payment system
Suppose the firm decided to lease the large factory, and has put down a non-refundable deposit of 4,000 for that factory. Provide a recommendation concerning which factory firm should lease, and the number of boxes of chalk it should produce.
If an owner of a industry wanted to make a trip for non-business use and their lost wages was not tax-deductible.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Compute the expected value (revenue) from each project. Compute the coefficient of variation of each project, and find out which project should the company choose. Compute the variance and standard deviation of expected value from each project.
Point out how each of the following would shift the 1) average-variable-cost curve, 2) average-fixed-cost curve, and 3) average-total-cost curve. Mention two types of businesses that their costs are mostly variable costs, and list 2 types of busin..
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