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Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output.
g. A sizable depreciation in the international value of the dollar.
What are the four tools that the feds use can use to alter the reserves of commercial banks, and specifically how have they been applied by the Fed to eliminate the last recession?
Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U are interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the prob..
Distinguish between the following views of monetary policy
Determine whether the following transaction involves spot change, contracts of vertical integration:
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
Illustrate what would be a reasonable breakdown between private sector vs. public sector spending for an increment of $1. Are we talking $0.8 from private and $0.2 from public or would you suggest a bigger swing either way.
Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..
Life has become yet more complicated. Government spending works with a distributed lag. Now when $1 billion is spent today, GDP increases by $1 billion this period and $1.5 billion next period.
in the 1990s five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a
Going to medical school and specializing in a surgical residency is extremely profitable, and the best evidence to support that is the high annual incomes earned by surgeons.
Assume the NXL league in Q #3 above adds two expansion teams each generating $100 mil per year in revenue. How much TR (to the nearest $ mil) will UT now have AFTER revenue sharing is taken into account? a. 192 b. 240 c. 278 d. 230 e. 250
derive and graph the equation characterizing the firms average revence curve. Calculate the level of output to that maximizes total profit. Also calculate the resulting profit.
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