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Our interest is the theory that explains why an item costs it does and how how many units of that item an economy produces is determined.
1. Provide examples of a variable that affect the supply curve and a variable that affects the demand curve (You must refer to the determinants of demand and supply in your textbook)
2. Think of a product or service that use in your everyday life or workplace. Describe how the supply or demand of this product might be changed. Which of the main categories of demand and supply factors presented in your textbook are involved?
3. Discuss: What does equilibrium price represent? What factors cause equilibrium to change and why is it important that prices are flexible in our economy? After reading about price ceiling and price floor, do you think the government should control the level of prices for products that are really important such as gasoline
What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25% - In considering the net effect of expansionary fiscal policy on the trade deficit.
Discuss the distribution of the indigenous population in the US. What issues with respect to federal policy does this distribution present?
Can someone please confirm that when we use Excel to run a regression analysis, the intercept and slope coefficients that Excel gives are population parameters
1. What is productivity growth? A) 10% B) 11% C) 12% D) 13%
The wage rate rises to $25/hour and she decides to work 41.5 hours a week. At $20/hour, if she worked 40 hours a week at the new relative prices she would have.
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be..
Normal 0 false false false EN-US X-NONE X-NONE The chair of the Council ..
In chapter two of our required text What Environmentalist Need to Know About Economics the author states that environmentalist should prioritize its goals.
The market demand for stuffed rabbits is Q = 2,600 - 20P, and the government intends to place a $4 per bunny tax on stuffed rabbit purchases.
Compute these three quantities under each of the following regulatory/legal regimes. 3. A regulator imposes a unit Pigovian tax on pollution at the level t=2 per unit. 4. Same as (3), but the government returns to tax revenues collected to the consum..
In the money market, money supply is determined by the central bank, such as the Fed in the U.S. Because of this, money supply curve is usually vertical in the short run, while the money demand curve is downward sloping. The quantity demanded of m..
What goods or services do you and your family receive without directly paying for them? How do these goods affect the distribution of economic welfare?
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