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All of the following are examples of positive statements EXCEPT:
Assume that you require a 15% return on stocks. Compute the price of a stock that will pay a $1 dividend next year and is expected to sell for $20 in a year’s time. If your “perceived risk” on a stock is lower, will your required return be higher or ..
The Johnson Robot Company's marketing officials report to the company chief executive officer that the demand curve forth company’s robots in 2004 is-At what prices is the demand for the firm's product price elastic? If the firm wants to maximize its..
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
Identify an industry/market that in your own understanding, can be described as a “monopolistically competitive” industry (market). Discuss/explain your choice.
Describe the supply and demand shifts that are occuring. What would happen to the demand curve if the major taxi companies lowered their rates.
If you were macroeconomic policymaker, how do you balance the short-run tradeoff between inflation rate and unemployment rate? Explain. What is the historical relationship between rates of unemployment and inflation in the U.S. economy? What are the ..
Average TOTAL COST FOR 10 units of output is $5. What is the monopolists profit?
Movie rentals and popcorn are complement goods for Elizabeth.
Case studies are often included in the discussions of qualitative design options. Why do you think this is so?
Suppose the economy has a natural rate of unemployment of 6%. Suppose short-run output over the next 4 years is +1%, 0%, -1%, and -2%. According to Okun's law, what unemployment rates would we wxpect to see in this economy?
The market's required return for these bonds is 8%. What is the price of these bonds?
Write an essay on the transformation of credit in the US economy. How did this happen (key events and new financial products?)? How has macroeconomics accounted for this transformation? Explain the terms ‘procyclical Leverage’ and ‘procyclical liquid..
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